NS&I urges people to hunt for lost Premium Bonds for a potential financial boost
Last month, millions of people across Britain were tearing up their homes, looking for a winning lottery ticket that was worth a life-changing amount of money. Sofa cushions were up-turned and the back of television sets were explored for the first time since they were tuned in, as ticket holders were desperate to find out whether they were lucky winners.
However, there are millions of people out there who are due a Premium Bond prize, ranging from small amounts up to a whopping £100,000.
There are 1.2 million unclaimed Premium Bond prizes worth over £51 million, including a number of high value prizes owed to those who may not know that they even have Premium Bonds, or who may have lost or forgotten their details.
A woman based overseas has a £100,000 unclaimed prize with only a £6 holding, while another woman from Clywd in Wales has a £25,000 prize owing to them, drawn in June 2013, despite only having £3 invested in Premium Bonds. This is not the only one however, with a number of low holdings winning big Premium Bond prizes over the years, but not claiming them.
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As well as these significant prizes for those who hold relatively few Premium Bonds, there are many more prizes outstanding and NS&I is urging Premium Bonds holders to reduce the chance of their prizes becoming unclaimed by registering to have any prizes paid directly into their bank account (with notification by email). Premium Bonds holders should also get in touch if they think they have Premium Bonds and may have won a prize.
Premium Bonds holders can also keep track of their prizes by using the NS&I Premium Bonds prize checker app, which is free to download, and lets customers check if they’ve won a prize in the past six months. Customers can also check if they have won a prize by using the Premium Bonds prize checker on NS&I.
Jill Waters, NS&I’s Retail Director said:
“There are number of prizes owed to Premium Bonds holders, including those with very little money invested. We want those holders with outstanding prizes to be reunited with their prizes so they can finally enjoy their winnings. Prizes often become unclaimed as a result of people moving house, or forgetting that Bonds have been bought for them as a child.”
Importantly, unlike the National Lottery there is no time limit for claiming Premium Bond prizes, and the oldest prize that remains unclaimed was won in November 1957 and is worth £25.
Jill Waters, NS&I’s Retail Director continued:
“We want to take the hassle out of financial management by making people aware that they can opt to manage their Premium Bonds online, reducing the risk of missing out on prizes as they can be paid directly into their bank account.”
Ways to check if you have a prize owing to you:
Online at nsandi.com
The Premium Bonds prize checker is on the home page of the NS&I website – customers simply need to enter their Premium Bond holder’s number into the search facility.
In writing to NS&I
Alternatively people can write to NS&I, quoting their name and address, any former names and addresses, date of birth and, if known, their Premium Bond holder’s number.
National Savings and Investments
Notes to Editors
- Unclaimed Premium Bonds prizes are defined as prizes over 18 months that have not been paid out (cashed). Addresses held for customers with unclaimed prizes might not be the current residential address of the customer. NS&I defines unclaimed holdings as those with no customer contact for a period of 15 years or more.
- Unclaimed Premium Bond prizes shown are those where a postcode is part of the holder’s address as held by NS&I.
- All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax.
- Pictures of ERNIE (including the new ERNIE 4 machine), NS&I’s Agent Millions and people buying Premium Bonds are available in high-resolution jpeg format from the NS&I media team.
- NS&I has a number of spokespeople available for interviews and our experienced media team is available via our ISDN line: 0207 828 5288.
- Further information on NS&I (National Savings and Investments), including press releases and product information, is available on the website at nsandi.com. Follow us on Twitter: @nsandi Find us on Facebook: Premium Bonds made by ERNIE