NS&I shuts down ‘out of date’ Premium Bonds hearsay after saver wins nothing
NS&I has fielded questions from an unlucky Premium Bonds holder who has gained nothing regardless of holding Bonds for 55 years.
Twitter consumer Sue McDonald (@SusanMa23391449) requested the supplier: “I have held Premium Bonds for 55 years and have never won – someone told me that old ones drop out of the system after a time and become obsolete. Is this true?”
The supplier was fast to answer to say this isn’t the case. NS&I mentioned in response: “Absolutely not, there is no method of numbers dropping out and being obsolete.”
The longtime saver could also be upset along with her unhealthy luck as every £1 Bond has an equal likelihood of successful a prize within the month-to-month prize draw.
However, the Bonds holder can have a greater likelihood of successful within the August draw because the prize fund fee is growing from 3.7 % to 4 %.
The odds of successful are going up from 24,000 to at least one to 22,000 to at least one, with an additional £30million in prizes to be added to the winnings from August.
An individual may improve their likelihood of successful by shopping for extra Bonds. An particular person can maintain as much as £50,000 in Bonds in whole.
However, the truth is folks with Premium Bonds are entered into the month-to-month prize draw slightly than getting a standard rate of interest, so a saver might go many months and even years with out successful something.
The unfortunate saver could also be inspired to know folks have lately taken home big winnings for Bonds they have held for a long time.
One of the winners within the June draw bagged £50,000 for a successful Bond they bought over 50 years in the past, in March 1972, and so they beforehand had solely £10 in Bonds.
Another winner in June gained £100,000 for a successful Bond they purchased nearly 30 years in the past, in July 1994.
The Premium Bonds scheme launched in 1956 and any Bond way back to when the financial savings possibility started might win a money prize every month.
An individual can verify if they’ve any unclaimed prizes from the newest prize draw or additional again to any draw, utilizing the prize checker tool on the NS&I web site.
Individual may verify for any prizes they’ve but to gather utilizing the app or with an Alex-enabled system.
People usually select to reinvest their winnings to extend their possibilities of successful in a future prize draw.
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