New data indicates that over 100 million worth of Premium Bond cash prizes are unclaimed across the UK, marking an unprecedented figure. A total of 2,598,139 prizes are unclaimed, with amounts ranging from 25 to substantial jackpots of 100,000. The South East has the most unclaimed prizes, totaling 389,713. However, London has the highest value of unclaimed prizes, amounting to 15,338,425 from 386,616 individual prizes. Premium Bonds, offered by NS&I, involve tax-free prize draws but do not earn interest like traditional bank accounts.
Millions of Premium Bonds holders are sitting on cash prizes worth up to 100,000, with over 100 million in unclaimed prizes across the UK, according to recent data.
The South East has the highest number of unclaimed Premium Bond prizes, totaling 389,713, while London holds the highest total value of unclaimed prizes at 15,338,425.
Premium Bonds, managed by the government-owned NS&I, let savers enter monthly draws for tax-free cash prizes, but do not accrue interest like regular savings accounts.
There are currently 24 million participants in the Premium Bonds scheme, with an impressive 127 billion banked collectively, facilitating tax-free winnings.
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