NS&I launches search for Premium Bond winners - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

NS&I launches search for Premium Bond winners

NS&I launches search for Premium Bond winners

Category: Savings

Updated: 05/06/2013
First Published: 05/06/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

National Savings & Investments (NS&I) is to carry out a nationwide search for the winners of unclaimed Premium Bond prizes.

The provider has urged customers to check online to see if they are a lucky winner, using its Premium Bonds prize checker. Customers can enter their Premium Bond holder's number into the search facility and subsequently have the prize money paid directly into bank accounts via BACS payment method.

It is thought around 898,000 Premium Bond prizes remain unclaimed by customers, worth an estimated £44 million, with the oldest unclaimed prize dating back to November 1957!

Savers in the UK have invested over £45 billion in Premium Bonds with NS&I, with each bond entered into its monthly prize draw.

Jill Waters, operations manager at NS&I, said customers must remember to notify the provider of any changes in personal details, such as moving address.

"Prizes often become unclaimed as a result of people moving house, or forgetting that Bonds have been bought for them as a child, or executors are unaware the Bonds are held when someone dies," she said.

"By opting to manage your Premium Bonds online you could reduce the risk of missing out on prizes as they can be paid directly into your bank account."

What next?

Compare the best savings rates
Find all the best cash ISAs with Moneyfacts.co.uk Savings search
Download your free guide to ISAs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close