NS&I announces major change affecting Premium Bonds prizes - some need to take action

NS&I announces major change affecting Premium Bonds prizes - some need to take action

NS&I: The top Bonds which could help Britons grow their money The change will mean those customers will receive prizes more quickly, more easily and more securely, NS&I said. Currently, almost three quarters (74 percent) of Premium Bonds prizes are paid directly to customers' bank accounts or are automatically reinvested. NS&I said payment by BACS is more cost-effective and environmentally sustainable compared to warrants sent by post. At the moment, there are more than 1.8 million unclaimed Premium Bonds prizes, worth more than £67million. However, this change to the payment of prizes by BACS will help prevent any prizes won by new Premium Bonds customers from going unclaimed. READ MORE: NS&I urges savers to do this as September 2020 Premium Bonds results unveiled
More on: www.express.co.uk