To ask Her Majesty's Government what is the total value of outstanding unclaimed Premium Bond prizes; how many of those are £1 million prizes; and what efforts are made to trace the winners of such unclaimed prizes.
4 February 2021
As of July 2019, there are currently 1,905,681 unclaimed Premium Bonds prizes worth £69,850,900. NS&I considers a prize as unclaimed when it has not been paid to or cashed in by the Bond holder within 18 months of the prize being issued.
There are no £1 million prizes unclaimed. NS&I undertakes regular media activity to raise awareness of unclaimed Premium Bonds prizes. NS&I also encourages customers to have Premium Bonds prizes paid directly to their bank accounts to reduce the risk of prizes going unclaimed.
Table: Total value and number of unclaimed Premium Bonds prizes
Number of prizes unclaimed
NS&I definition of unclaimed prizes (prizes issued up to and including July 2019)
Industry standard definition of unclaimed prizes (prizes issued up to an including January 2006) *