£1 premium bond

rockchick113

I've found a £1 premium bond in a box, i think it belonged to my father in law, he died 15 yers ago, no will , it was issued in 1964. what can i do with it, i know its only a £1 but still, its better in our pocket then the post office

luci

https://forums.moneysavingexpert.com/discussion/6683043/1-premium-bond

I found about £5 worth when my dad died. I just ditched them, as it wouldn't have been worth the grief of cashing them in. I would expect they would ask for a copy of the death certificate or will.

Exodi

Contact NS&I (the issuer of premium bonds) and ask them to link it a digital account (or cash it in if that's what you feel like doing).

For £1 I'm not sure whether it's worth the hassle, but each to their own.

Rodders53

https://forums.moneysavingexpert.com/discussion/6683043/1-premium-bond

NS&I not the PO.

https://www.nsandi.com/help/lost-touch-with-nsandi/get-back-to-premium-bonds may help?

I still have my £5 paper bond from earlier than that 1964 and my wife's first £1 bond … Both are registered electronically under NS&I with other bonds purchased, so kept for nostalgia purposes only.

https://www.nsandi.com/help/manage-money-for-others/customers-who-have-died may allow you to redeem the bond for its face value (if relevant).

refluxer

NS&I have quite a lot of help online for tracking lost premium bonds.

Eg. https://www.nsandi.com/help/lost-touch-with-nsandi/get-back-to-premium-bonds

The fact that this one isn't in your name will undoubtedly be much more problematic though, especially if there was no will.

Swipe

I have about 8 £1 paper bonds from my late mother and concur with the advice of just forgetting about them unless you enjoy filling in paper forms and posting them off at your own expense and waiting weeks on end for any repsonse.

greyteam1959

Why not check to see whether the £1 bond has won any prize before binning it ??

fuzzzzy

https://forums.moneysavingexpert.com/discussion/comment/82134278#Comment_82134278

Yes I would be inclined to check if there were any unclaimed prizes on it, though not sure how easy that would be to do. I seem to remember checking some childhood premium bond numbers against an online file of unclaimed prizes a few years back but can't remember where I found the file.

lascem

I'll relate my experience of this. My dad died in 1987. Fast forward to 2012 and, during one of her many house moves, my mum found six £1 paper premium bonds dad had bought around 1970. I sent them in to NS & I, expecting nothing to come of it. But they paid her the face value of the bonds plus the £50 they had won. I don't know for how long after his death the bonds were still eligible for the draw (I'm not sure they ever told me this). I assume they only looked at prizes up to his date of death or shortly thereafter. From memory, I don't think that there was a lot of paperwork to complete - though I think I did have to send off death cert - or that it took a long time to resolve. I remember that they wouldn't tell me how much the bonds had won until they issued the cheque.

molerat

https://forums.moneysavingexpert.com/discussion/comment/82134313#Comment_82134313

https://www.nsandi.com/get-to-know-us/winning-bonds-downloads

eskbanker

If a Premium Bonds holder dies, their Premium Bonds become part of their estate. The Premium Bonds will continue to take part in prize draws for 12 months following the date of death, unless they are cashed in before that.

https://www.nsandi.com/files/asset/pdf/premium-bonds-brochure.pdf