Post Office Investment Account from 1992....would it still be live?

Cleosmum

I have just found my sons pass book which I thought was long lost. The last entry was late 1992 and there was £40 in the account. I have never had any interest added to the pass book, so can I expect there to be almost 19 years of interest? Would the account be classed as dormant?

Loughton_Monkey

I've just had an idea.

... er... ask them?

Vortigern

Cleosmum wrote: »

I have just found my sons pass book which I thought was long lost. The last entry was late 1992 and there was £40 in the account. I have never had any interest added to the pass book, so can I expect there to be almost 19 years of interest? Would the account be classed as dormant?

If I remember correctly, to add interest you need to send the passbook off to NS&I http://www.nsandi.com/contact-us There's a free phone number for enquiries 0500 007 007. Why not give them a call.

If you ask at your local post office, they will possibly be able to give you a freepost? envelope to send your passbook, and a blank envelope which you need to address to yourself for the return of the passbook. They used to do this when I had a National Savings account but that's a long time ago.

Even if it's dormant, it's still yours. I'm not aware of any time limit for claiming your money.

camaj

Don't they say there are millions, if not billions in dormant accounts? There are even companies that try to trace them for you

Vortigern

camaj wrote: »

Don't they say there are millions, if not billions in dormant accounts? There are even companies that try to trace them for you

There are companies which will trace them for a fee.

There are better methods described here:
http://www.moneysavingexpert.com/reclaim/reclaim-lost-assets-free