Premium Bonds are the UK’s favourite savings accounts. In total more than 21 million people have at least one bond, with an eye-watering £72billion saved in the NS&I product. So it’s notable that this year’s Budget included a couple of fundamental changes to how Premium Bonds work, that weren’t actually mentioned during the Chancellor’s speech. The changes affect who can buy Premium Bonds, how easy it is to get them as well as the funding basis that National Savings and Investments - who run the savings products - use to help decide the rules. This is what they changed. Who can buy Premium Bonds The first big change covers the purchase of Premium Bonds themselves. Many people get started saving with Premium Bonds thanks to a present from their parents or grandparents, and then go on to buy more for themselves when they get older. However, the Government is extending this gifting feature, so that you can buy bonds for a child even if they … [Read more...] about Premium Bonds just changed in a pretty big way – how they work now
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In May 2014, Premium Bond number 135MM985708 won £25,000. No one ever claimed the money. It was bought by someone in Essex, who has a total of £2,325 invested in the savings vehicle – but that's all we know about them. They're not alone – there are currently 1.5 million winning Premium Bonds where no one has ever claimed the prize. In Essex alone, along with the £25,000 unclaimed prize, there are two £10,000 prizes and three £5,000 waiting for someone to bank them. Add them all up and there is almost £1.6 million worth of winnings spread around 40,500 prizes. The oldest unclaimed prize in the county dates back to February 1964 – that's more than 54 years ago, two years before England won the World Cup – and it's still valid if the owner is ever tracked down. And that's just Essex, there are also more than 11,000 unclaimed Premium Bonds prizes in Northamptonshire, worth over £400,000. Why prizes go unclaimed There are more 1.5 … [Read more...] about £60m up for grabs thanks to lost Premium Bonds – how to claim your prize
Two lucky Premium Bond holders have scooped the top £1million tax-free prize in September's draw. The women - from Essex and Northamptonshire - become the 393rd and 394th Premium Bond holders to scoop the jackpot since the prize was introduced. The woman from Essex purchased her winning Bond in May 2003 and currently has £31,575 invested. The winning Bond number is 033BV820007. The woman from Northamptonshire has £50,000 invested and bought the winning Bond in August 2015. The winning Bond number is 254PS792183. Both women will receive a personal visit from Agent Million who will break the good news. How do Premium Bonds work?PREMIUM Bonds are a savings account you can put money in (and take money out when you want), where the interest paid is decided by a monthly prize draw. You buy £1 bonds and each has an equal chance of winning, so the more you buy, the more your chances improve. Premium Bonds can be bought via standing order for as little as £50 per … [Read more...] about September’s Premium Bond winners have been revealed – have you struck lucky?
BRITS are missing out on BILLIONS of pounds sat in old bank accounts, pension schemes and even unclaimed lottery winnings. But how easy is the cash to track down? We take a look at how to reclaim your cash. Lost savings accounts - up to £850million to be claimed A staggering £850million is sitting in forgotten British bank accounts. Accounts are considered lost if your bank or building society is unable to contact you or if there has been no activity for three years or more. Mylostaccount.co.uk was set up by banks and building societies to help people track down your lost accounts and savings. The service is free and helps connect you with old accounts. If you're aware of a lost savings account then you should first contact the bank or building society to see whether the account is still open. Are you a Premium Bond winner? At present there are 1,410,112 unclaimed prizes worth up to £56.5million. Winnings never expire and oldest unclaimed prize is from November 1957. You … [Read more...] about From unclaimed lottery winnings to forgotten savings accounts, how to claim YOUR share of Britain’s lost billions
TWO lucky Premium Bond holders have received a July windfall this year by scooping the top prizes in this month's draw. Here's what we know. Who were the July 2018 Premium Bonds winners? A man from Suffolk who bought his winning bond in June 2017 and a man from south west Wales will share the top £1million prize. The man from South West Wales becomes the fifth jackpot winner from the region since the £1 million prize was introduced in 1994. His winning Bond was purchased in March 2010 (Bond number: 166LV246433). They are the 389th and 390th winners of the £1million prize. How many people won in July's Premium Bonds draw? Premium Bonds is also paying out over three million other prizes to Premium Bond holders, ranging from £25 to £100,000. Jill Waters, Retail Director at NS&I, said: “I’m delighted for our two jackpot winners and all of our customers who are receiving a boost this month. Whatever you have won, get in touch through our … [Read more...] about July 2018 Premium Bonds winning numbers – have you won £1million cash prize?