Cashing in Premium Bonds ...

LittleStar

Hi all,
was wondering if anyone can help ... i bought some premium bonds a few years ago, when i was 18 with some birthday money (sounded good at the time lol) ... but now i wish to cash them in but i dont know how ... my letter with my bond number on has no info on how to cash it ...

would be really grateful for some advice, many thanks x

Gazcon

Hi Littlestar,

I had the same problem a week or so ago, they don't make it that obvious as to how to get your money back, other than requesting it "in writing"!

Anyway, I popped into my local Post Office and they had a form ready and waiting behind the counter.

Good news is that the turn around is quite quick. I filled in and posted off the form with my premium bonds certificate on a Friday, and the money was in my current account on the next Wednesday! I only took part of my money out, so a revised premium bond certificate arrived through the post a couple of days later for the lower amount.

HTH!

Gaz

LittleStar

Thank you so much Gaz, I haventy won anything since i've had my money in there so I think its time to save it elsewhere lol ... I shall go to the post office and get it sorted thanks x

cheerfulcat

You can also ring or e-mail them and ask them to send the form out to you - NS&I

LittleStar

Thanks cheerfulcat ... will save me from going to the postoffice

james3333

whats the crack with premium bonds....
i have never won anything, grandad bought £10 worth for me 28 years ago....
do they go up in value?

cheerfulcat

james3333 wrote:

do they go up in value?

On the contrary, as I have been trying to explain on this thread, they go down in value over time, due to the effects of inflation. This is a concept which very few people seem able to grasp, though.

penniesmakepounds_2

cheerfulcat wrote:

You can also ring or e-mail them and ask them to send the form out to you - NS&I

I would advise anyone holding premium bonds to keep a form to hand just in case you need to get hold of the cash pretty quick. :idea:

Market_Oracle

You might as well wait a few weeks until the December draw, 5 mill aires.... you never know

LittleStar

penniesmakepounds wrote:

I would advise anyone holding premium bonds to keep a form to hand just in case you need to get hold of the cash pretty quick. :idea:

Very good idea!!