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Unclaimed Premium Bond prizes top £44m

National Savings and Investments (NS&I) officials have released details about nearly 900,000 unclaimed premium bond prizes, which amass to a total value of £44m.

The 898,000 prizes stretch over more than five decades, with the earliest unclaimed prize from 1957. However, at an amount of just £25, the winner will feel the full effects of inflation, which will have severely reduced the value of the prize.

The two top prizes are £100,000, a significant amount won by a female from London in 2007, and a female from Manchester in 2010. Other prizes of £50,000 and £25,000 have also been left unclaimed, while the average prize stands at around £50.

There are a variety of possible reasons why people would fail to claim their prize, such as failing to inform NS&I of a change in address, or simply forgetting they had premium bonds; however the good news is that there is no time limit in which prizes have to be claimed.

If you would like to check whether or not you have an unclaimed prize, NS&I advise that you visit their website, www.nsandi.com, or alternatively you can write to them at:

Premium Bonds

National Savings and Investments

Glasgow

G58 1SB

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