£100m of premium bond prizes remain unclaimed
Summary
Over £100 million in Premium Bond prizes have not been claimed, with some prizes dating back to the 1950s. National Savings and Investments (NS&I), the government-owned bank running the scheme, faces criticism for not doing enough to help winners claim their prizes.Key Facts
- More than £100 million in Premium Bond prizes remain unclaimed.
- Premium Bonds are a type of savings account where winnings are decided by a monthly draw.
- There are over 2.5 million unclaimed prizes, including 11 prizes of £100,000 each.
- Nearly 23 million people held Premium Bonds as of March this year.
- NS&I has paid out more than 99% of prizes since 1957.
- Winnings notifications can be sent via text, email, or post if contact details are registered.
- Unclaimed prizes make up only 0.28% of the £37 billion awarded since the scheme’s start.
- NS&I provides an online tracer service to help bondholders locate their accounts.
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