The financial provider, which is backed by the Treasury, has issued a warning ahead of the December draw next week.

NS&I urges Premium Bonds holders to act with 'three options' to check winnings

by · Birmingham Live

National Savings and Investments (NS&I) is encouraging Premium Bonds holders to stay alert for potential winnings by utilising one of three checking methods ahead of the forthcoming December draw. Dax Harkins, NS&I chief executive, highlighted: "With millions of prizes drawn monthly, Premium Bonds remain a popular way to save while continuing to offer the thrill of potential tax-free wins. Remember, the best way to check if you've won this month is by using our app, website, or Alexa."

In the upcoming November 2024 prize draw, an impressive 6,025,741 prizes totalling over £463 million will be released among more than 126 billion eligible Bond numbers.

Since the very first drawing in June 1957, the electronic random number indicator equipment (ERNIE) has selected 725 million lucky winners, awarding a staggering £33.7 billion in prizes. This November also commemorates a significant milestone - the 68th anniversary of the iconic Premium Bonds going on sale, a testament to this long-standing British financial tradition which kicked off on 1 November 1956 and was designed to democratise saving across the nation.

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Although Premium Bonds winners are directly notified of their success, there's always the chance that unclaimed prizes pile up due to out-of-date contact details if prizes are opted to be received by cheque rather than bank transfer. NS&I advises those with Premium Bonds to utilize its online prize checker or dedicated app with their holder's number to ensure no prize goes unnoticed.

Currently, there are 2,473,761 unclaimed prizes worth a whopping £89,696,075 waiting to be claimed by Premium Bonds holders. In November, two lucky winners from Warwickshire and Cornwall bagged NSandI's top prize of £1million each, reports Birmingham Live.

Specifically, in these two regions, there are 17,129 unclaimed prizes worth £600,975 in Warwickshire, while in Cornwall, there are 20,530 prizes totalling £724,075 still waiting to be claimed.