Ns&i responds after reports of premium bonds prizes error
Ns&i responds after reports of premium bonds prizes error"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
ONE CUSTOMER SAID THEY HAD WON £100 BUT THE AMOUNT HAD NOT BEEN ADDED TO THEIR ACCOUNT NICHOLAS DAWSON 05:00, 22 May 2025 NS&I has responded to concerns about a customer not receiving
their winnings. A saver reached out to the group via social media after winning a £100 prize. They claimed they previously had £500 in Bonds and had opted for their winnings to be reinvested
into additional Bonds, yet their account still had a balance of £500 worth of Bonds. Many customers set up their accounts so that any winnings are automatically used to purchase more Bonds,
thereby increasing their odds of future wins. When asked for an update on this situation, an NS&I spokesperson said: "Premium Bonds customers can choose to receive their prizes in
several different ways. This includes being paid directly into their nominated bank account or automatically reinvested into more Premium Bonds." READ MORE: DWP warns 'do not'
as it shares three things you shouldn't put on a CVREAD MORE: Millions of families to get 'surprise' payment within days The group offered an explanation of what may have
happened in this particular case. They said: "It maybe that on this occasion the person had changed their preference to auto reinvestment after their prize had been drawn." The
group also said that the most efficient way to manage your Bonds is online via the NS&I website, where you can check if you have won any prizes and how they have been paid out. You can
also change your preferences for prize payments by logging into your account and updating your details. Article continues below Any changes you make will come into effect from the next prize
draw. NS&I revealed that 90% of customers opt for their prizes to be either directly deposited into their bank account or reinvested into purchasing more Bonds. Holders of Premium Bonds
can have up to £50,000 invested – any prizes that push the total above this ceiling will see the excess amount paid directly into your nominated bank account. The prize fund rate for
Premium Bonds dipped recently from 4% to 3.8%, starting with the April draw. Article continues below Presently, the chances of any single £1 Bond nabbing a win stand at 22,000 to one. While
you don't lose the face value of your investment when you miss out on prizes, customers are warned that you could still be losing out. Tom Francis, head of advice at Octopus Money,
warned: "If you're thinking of them as a way to grow your savings or keep up with rising costs, they're probably not your best bet. They don't pay interest, so unless you
win a prize - which most people don't - your money just sits there, losing value over time." Statistics sourced by wealth management firm AJ Bell found that two thirds of Bond
holders have never won anything, even though the average saver has holdings exceeding £5,000.
Trending News
District 181 signs up for educator exchange program with south african schoolsHinsdale-Clarendon Hills Elementary District 181 has decided to become involved with the Langa Education Assistance Prog...
Aap is steering clear of citizenship law protests in delhi. Why?The BJP’s scaremongering over Shaheen Bagh has emerged as a renewed strategy ahead of the election. While the BJP did ta...
Page Not Found - Business in Vancouver× Join our Newsletter Sign in or register for your free account Your Profile Your Subscriptions Support Local News Payme...
Don’t confuse sikhs for muslims: sgpc to the west on hate crimes“It is too little, too late; 9/11 happened 15 years back. What is the reason for waking up now? Sikhs in other countries...
'game of thrones' season 7 will be delayed because 'winter is here'The other thing keeping fans on tenterhooks is not knowing exactly how many episodes remain of the show. _Game of Throne...
Latests News
Ns&i responds after reports of premium bonds prizes errorONE CUSTOMER SAID THEY HAD WON £100 BUT THE AMOUNT HAD NOT BEEN ADDED TO THEIR ACCOUNT NICHOLAS DAWSON 05:00, 22 May 202...
Government plans to appoint new governors in 6-7 states in coming weeks, says rajnath singhThe government is planning to appoint new Governors in at least six states in the next 15-20 days, with Bihar, Punjab an...
Monster t6 trailed sprayer joins vicon range - farmers weekly© Kverneland Following on from introducing the T-series sprayer range earlier this year, Vicon has added a bigger T6 mod...
Daniel libeskind: zlota 44 europe's highest residential tower‘zlota 44’ by daniel libeskind, warsaw, polandimage © aldinger & wolf the european union’s tallest residential high-...
Dv sadananda: the dark horse from the coastHe was believed to be the lucky mascot of the Bharatiya Janata Party (BJP) in the state. After leading the state unit of...