What to do with a "Premium Saving Bond" that is 54 years old

heatherpr

Just before our mother died, she presented my sisters who are twins with scrappy slips of paper which have "Premium Savings Bond" printed on them. She explained that there was not much money in the house when they were born but that she wanted them to have a lifetime of luck. The Bonds themselves are only valued at £1 each (which in 1967 must have been a considerable sum to our struggling parents, barely out of their teens and who already had 2 other children by this time). We have no idea whether these Bonds are worth anything or whether they were a pre-cursor of the product we now call a Premium Bond and might have actually won something. Does anyone know how to check either of these two ideas? The Bonds state that they are "Issued by the Lords Commissioners of HM Treasury under Section One of the National Loans Act 1939". There will be no disappointment if they have no value as they are  a lovely reminder of our parents who were clearing trying to do their best for their family. However, my sisters often take the pieces of paper out and wonder ...

xylophone

They are Premium Bonds.

https://www.nsandi.com/help/lost-touch-with-nsandi/check-unclaimed-prizes

MX5huggy

You can search the unclaimed prize list yourself. https://www.nsandi.com/get-to-know-us/winning-bonds-downloads

solidpro

Let us know if they had any winnings!

jbuchanangb

My wife has such a bond with a face value of £2 issued in 1968, and it is still entered in the draw. However the situation applicable to Premium Bonds on the death of the Holder is that they may remain in the draw for a certain length of time (I think six months) after which they may be redeemed at face value into the Estate of the Holder. I recall a few years ago following the process for a £3 Premium Bond owned by my wife's late sister. I don't think a Premium Bond can be inherited other than through the process just described. If however, the Bonds you were found were registered in the names of your sisters, rather than in the name of your late mother, then by all means inform NS&I of the up to date details of the Holders, and claim any prizes.