NS&I savers have been urged to examine their Premium Bonds numbers to make sure they aren’t lacking out on winnings price 1000’s of kilos. As of June, more than 2.5 million Premium Bond prizes price over £103million were left to be claimed, National Savings and Investments (NS&I) has said.
This contains 11 prizes price £100,000, 19 prizes price £50,000, 38 prizes price £25,000, and 75 prizes of £10,000. Andrew Westhead, retail director at NS&I, said: “These figures are a timely reminder to update your details, talk to your loved ones about your savings and make sure your money stays firmly in your hands, both now and in the future.”
Premium Bonds savers can win sums price anything between £25 and £1million every month through randomly generated prize attracts.
People are normally notified when they win a prize, but if they transfer or change their contact particulars without updating NS&I, prizes can go unclaimed.
How to examine for unclaimed Premium Bonds prizes
People can examine if they’ve won a prize through NS&I’s prize-checking instrument. Customers will only need their Premium Bonds holder’s quantity or NS&I quantity to see the outcomes.
People can also obtain the NS&I premium bonds prize checker app, which is accessible at the Apple Store or Google Play, where the same info will be available.
Not only will it show this month’s prizes, but it’ll also show any older unclaimed prizes.
Old NS&I bonds, certificates, passbooks, or account paperwork can typically be discovered tucked away in drawers or among outdated paperwork. Customers who discover forgotten financial savings are inspired to use NS&I’s tracing service to find any funds due to them.
In the financial 12 months 2024/25, more than £166million was reunited through 52,693 NS&I accounts for holders who had lost contact with their financial savings and investments utilizing these instruments.
This contains over £120million in Premium Bonds financial savings and unclaimed prizes, £11.4million paid out from outdated Savings Certificates and £1.3million from outdated Children’s Bonus Bonds.
Jessica Willock, personal finance knowledgeable at Confused.com said: “Premium Bonds are a fashionable manner to save, but it can be simple to overlook about them once they’re set up. That’s why it’s not stunning to hear that over £100million in prizes is at present unclaimed.
“With millions of people holding bonds, there’s a good chance some have money waiting for them and don’t even realise it.
“If you’ve ever bought Premium Bonds, it’s worth taking a moment to check in on them. If you’re not sure of your details, you can speak to the NS&I, who can help you recover them.”
Explaining the quickest manner to obtain costs and keep away from lacking out, NS&I recommended savers decide to have winnings paid straight into their bank accounts.
A press release from NS&I reads: “Customers can choose to have their prizes paid directly to their bank account or reinvested into more Premium Bonds. Nine in 10 prizes are already paid this way as it is quicker than waiting for a cheque to then pay in.”
Customers can discover instructions on how to change their prize fee preferences here.
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