Birmingham, UK July 28, 2025 National Savings and Investments (NS&I) has revealed that more than £103 million in Premium Bond prizes remain unclaimed, prompting a fresh appeal to customers across the UK to check their accounts and update their details.
According to NS&I, over 2.5 million prizes have yet to be collected. These range from small amounts to major tax free jackpots. Many of these prizes go unclaimed because holders are unaware they’ve won, often due to outdated contact information such as email addresses or home addresses.
Premium Bonds, a government backed savings option, allow individuals to invest money and enter a monthly prize draw instead of earning interest. While popular and secure, they require bondholders to stay engaged and regularly check their winnings.
NS&I recommends that all bondholders:
- Use the NS&I app or website to check the prize draw results.
- Ensure their contact details are current.
- Claim winnings promptly to avoid missing out.
If prizes are not claimed in a timely manner, they may eventually return to the prize fund pool, though NS&I holds unclaimed prizes for many years.
Financial experts caution that while Premium Bonds are low risk, unclaimed rewards reduce their overall value. The current prize fund rate is around 4%, but inflation may impact the real value of savings over time.
With over 22 million people holding Premium Bonds in the UK, NS&I stresses the importance of taking action to ensure no prize is left behind.
