In my case, whenever a regular National Savings mail shot falls through the letter box, I check our bank current account to see if any spare cash is earning a derisory 0.10 per cent interest at Lloyds TSB and bung another pounds 200 off to the Premium Bonds
HQ in Blackpool to get a centimetre or two nearer a pounds 1m monthly jackpot.
Adults can also now gift Premium Bonds
to nieces, nephews and family friends aged under 16.
"Whether you have been lucky enough to win this month or not, Premium Bonds
can help to create exciting adventures and opportunities for our customers, whether they're winning big or regularly tucking away pockets of savings.
These undelivered prizes are just part of a total pot of unclaimed Premium Bond
winnings worth more than PS61.3million.
The first monthly Premium Bond
draw using ERNIE 5 was in March 2019.
For those wondering a premium bond
is government security that offers no interest or capital gain but is entered in regular draws for cash prizes.
aren't "the one safe haven" any more.
Alderman Sir Cuthbert Ackroyd, the then Lord Mayor of London, bought the very first Premium Bond
on November 1 1956.
The way people buy and check their premium bonds
has also changed, reflecting advances in technology.
It comes 12 months after the Premium Bonds
limit was increased from PS30,000 to PS40,000, with a second PS1 million prize winner also being introduced from August 2014.
You may be wondering, given that premium bonds
don't cost any more than par bonds, whether there is any benefit to these bonds over par, or "regular." After all, in my gasoline example, I did concede there were some advantages to premium over regular gasoline, and when given the chance to buy premium at no greater cost than regular, I did so in a heartbeat.
A MYSTERY man from Kirklees is PS1 million richer thanks to a Premium Bonds