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Millions left unclaimed in premium bonds

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Caitlyn Eastell, Apprentice Press & PR Assistant
Caitlyn Eastell, Press & PR Executive 01603 476169 Email Caitlyn
05/08/2025

Millions left unclaimed in premium bonds

Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“While premium bonds are a fun, unconventional way to win some tax-free cash, the reality is that it is a game of chance, and the majority of savers may not even win a prize. They sometimes also rely on investors to claim these prizes, meaning there is currently over £100 million left unclaimed—more than £10 million higher compared to the end of 2024. To avoid missing out on any winnings, it is crucial that savers keep their contact details up to date.

“There is no need to panic if savers have forgotten or lost their premium bonds. Any unclaimed prizes can be easily checked using National Savings & Investments’ (NS&I) online prize checker or the prize checker app using a unique holder or NS&I number. However, if savers have misplaced any of these or are trying to track down gifted or a deceased relative’s premium bonds, they could be harder to trace. In this case, savers will need to contact NS&I directly and will be asked to provide some additional information.

“Returns on premium bonds are not guaranteed and the chance to win big may not be enough incentive for everyone. The premium bond prize fund rate currently sits at 3.60%, which doesn’t even out-pace inflation. Savers looking for more reliable returns may find ISAs a more enticing tax-free option that could earn them as much as £480 a year from a £10,000 pot.”

 

Millions left unclaimed in premium bonds

Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“While premium bonds are a fun, unconventional way to win some tax-free cash, the reality is that it is a game of chance, and the majority of savers may not even win a prize. They sometimes also rely on investors to claim these prizes, meaning there is currently over £100 million left unclaimed—more than £10 million higher compared to the end of 2024. To avoid missing out on any winnings, it is crucial that savers keep their contact details up to date.

“There is no need to panic if savers have forgotten or lost their premium bonds. Any unclaimed prizes can be easily checked using National Savings & Investments’ (NS&I) online prize checker or the prize checker app using a unique holder or NS&I number. However, if savers have misplaced any of these or are trying to track down gifted or a deceased relative’s premium bonds, they could be harder to trace. In this case, savers will need to contact NS&I directly and will be asked to provide some additional information.

“Returns on premium bonds are not guaranteed and the chance to win big may not be enough incentive for everyone. The premium bond prize fund rate currently sits at 3.60%, which doesn’t even out-pace inflation. Savers looking for more reliable returns may find ISAs a more enticing tax-free option that could earn them as much as £480 a year from a £10,000 pot.”

 

Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Pioneering financial comparison technology for over 35 years, Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Pioneering financial comparison technology for over 35 years, Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

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Adam French Head of News & Communications
Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Press & PR Executive