NS&I premium bonds: Millions of Britons could be sitting on cash prizes – how to check | Personal Finance | Finance
More than two million Premium Bond prizes worth a combined £74million remain unclaimed. Government backed savings provider NS&I says there’s never been a better time to check.
Every month millions of Britons look forward to the NS&I Premium Bond lottery to see if they are one of two new millionaires.
While not everyone is lucky enough to win a million, thousands of other people win prizes of £25 and up.
Rather than just check the latest results, anyone who has bought premium bonds since they were first launched in the 1950s should check all their bonds.
Two million Britons could be owed money as £74million hasn’t been claimed since they were first launched.
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Anyone who has bought Premium Bonds in the past should check the NS&I website.
People could be owed cash anywhere between £25 and £100,000.
Some of the unclaimed prizes date back to when the scheme first started in 1957.
Winners are usually notified when they’ve won unless they’ve moved house and forgotten to update their address details.
Meanwhile, some people believe that bonds bought closer to the draw are more likely to win.
However, this theory has been dismissed by NS&I.
It states that each bond has an equal chance of winning – no matter when, or where, it was bought.
The winners are drawn every month with the next one due at the beginning of April.
