NS&I has explained a key date to a customer who got in touch with a query about how the Premium Bonds prize draw works.
The customer asked over X on August 7: “It’s 7th of the month now and you still haven’t paid Premium Bond winnings from 1st of the month. How much interest does each day’s delay make you?”
The prize draw takes place at the start of the month with each £1 Bond having an equal chance of being paired with a prize.
In response, NS&I said: “Premium Bonds prize winnings are paid into your nominated bank account by the seventh working day of the month. This month the seventh working day is the 9 August.”
A person can check if they have any prizes to collect using the prize checker tool on the NS&I website.
It’s worth checking as recent figures showed there were prizes for £100,000 and £50,000 that had yet to be collected.
Each prize draw includes two jackpot prizes for £1million and millions of other prizes, ranging from £100,000 to £25.
The prize fund rate is currently 4.4 percent with the odds of winning at 21,000 to one.
Another person recently contacted NS&I as they were having an issue tracking down some Premium Bonds.
He told the provider over X that some of the Bonds date back many years and were in the names of different family members with different addresses.
The man explained: ” I can give all the names and addresses, but marrying them to the right bonds is pretty impossible.”
NS&I said in response: “We only allow people to run a trace for Bonds held in their own name.
“If there are any Bonds that are held in someone else’s name, it would be that persons responsibility to run a trace for themselves.”
A person can fill in an online form on the NS&I website that to try and track down any lost NS&I savings.
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