PREMIUM
BONDS
Do you have any Premium Bonds? Do you wait anxiously every month
to see if Ernie has drawn out your number?
According to National Savings, every month you could win one of
700,000 prizes ranging from £50 to a £1 million jackpot
- but unlike a lottery, you can get your original money back at
any time. But what happens to bonds after you die?
A listener inherited bonds from her husband, who had in turn
inherited them from his aunt – but when she rang National
Savings she was told they had expired and the bonds were useless.
On Your Behalf investigated what has happened to her bonds and
National Savings and Investments have looked back in their records
and are contacting our listener to get it sorted.
But is it right
that bonds die with their original owner? National Savings say
that your original investment is safe. The bonds cannot be transferred
to another name after a death, but they can be cashed in and new
bonds bought if desired. However there is £300,000 worth
of prize money unclaimed in N Ireland.
You can use the National Savings and Investments tracing service
to see if that money might be yours! Download the form from the
website or ring the helpline number
National Savings & investments
on 0845 964 5000
National Savings and Investments
Blackpool
FY3 9YP
See Also: Unclaimed
Premium Bonds
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