ERNIE premium bond machine

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The unique machine which generated the profitable numbers, often known as ERNIE

As a lot as £53.9m in premium bond prizes has not been claimed by rightful winners, in line with Nationwide Financial savings and Investments (NS&I).

In whole 1.three million prizes haven’t been claimed, however there isn’t any deadline for bond holders to get their cash.

The most important unclaimed prizes, of which there are 5, are value £100,000 every.

The winners stay – or beforehand lived – in London, Manchester, Lothian, Hereford and Worcester, and Australia.

NS&I mentioned it did its personal searches for prize-winners, but it surely could not discover everybody.

‘Beneficial’ charges

The announcement comes precisely 60 years for the reason that first premium bond was bought, on 1 November 1956.

In whole, 21 million clients maintain over £63bn value of bonds. There are at the moment two prime month-to-month prizes of £1m.

On common, and over a size of time, bond holders can anticipate to earn a return of 1.25%, tax-free.

That now compares very favourably with the very best financial savings charge for an instantaneous entry account elsewhere, at the moment 1.1%.

And whereas the Financial institution of England’s newest transfer in August to cut base rates to 0.25% has pressured most banks to chop financial savings charges, NS&I has been gradual to observe go well with.

It has not minimize the prize charge since June 2016, when it lowered common returns from 1.35%.

The earlier minimize earlier than that was in August 2013.

Figures from the Financial institution of England out this week present that the common return on an instantaneous entry financial savings account is now simply zero.61%, lower than half the common return obtainable from premium bonds.


Nevertheless, consultants say that higher charges are nonetheless obtainable elsewhere.

“For most individuals, premium bonds will not be the very best answer,” mentioned Hannah Maundrell, editor in chief of

“You may get a greater deal elsewhere, however it’s worthwhile to be in your toes.”

Some present accounts pay a return of as much as 5%, however it’s worthwhile to pay in cash each month.

These wishing to ask about unclaimed prizes can both look on the NS&I website – if they’re registered – or write to:

Premium Bonds, NS&I, Glasgow G55 1SB.