Thousands of prizes still to be claimed

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More than 3,000 Premium Bonds prizes worth over £140,000 remain unclaimed by winners who live in Northumberland, according to new data.

As a result, NS&I (National Savings and Investments) is calling on holders to come forward to claim their money and sign-up to have their winnings paid directly into their bank account to reduce the chances of them going unclaimed in the future.

Premium Bonds prize warrants can go undelivered and unclaimed as a result of changes in holders’ addresses, or if Bonds were bought for them as a child and they have subsequently lost track of them.

There are four people in the county all due to receive £1,000 after failing to claim their prizes in previous draws.

Almost a third of the UK population have invested in Premium Bonds and every eligible Bond is entered into a monthly prize draw. Investors forgo interest to have the chance to win tax free prizes.

Jill Waters, NS&I assistant director (retail experience), said: “It is likely that the winners of the unclaimed prizes are unaware or have forgotten that they have Premium Bonds, for example if they were bought for them as a child.

“Prizes also become unclaimed as a result of people moving house, or executors are unaware the Bonds are held when someone dies.

“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.”

There is a prize checker facility on the home page of the NS&I website – nsandi.com

In addition, holders can sign-up to have any prizes paid directly into their bank account at www.nsandi.com/online-registration