UPDATE: NS&I has just issued an urgent warning for all Premium Bond holders, urging them to review their accounts as we enter January 4, 2026. The announcement comes amid a series of reductions in the prize fund rate, now at 3.6 percent, down from 4 percent earlier this year.
In a statement, NS&I highlighted the importance of conducting “financial housekeeping” in the new year. With 2.6 million unclaimed prizes totaling nearly £110 million, customers are encouraged to ensure their contact and banking details are up to date. An NS&I spokesperson emphasized, “This can be easily done online – including registering if you have not already done so.”
For Premium Bond holders, each £1 Bond enters a monthly prize draw, with odds of winning currently standing at 22,000 to one. Prizes range from £25 to the coveted £1 million jackpot, making it essential for customers to stay informed and proactive.
NS&I’s online services and app provide users the ability to check their balances and any unclaimed prizes. “You can also use the NS&I app to check balances for all your accounts plus your Premium Bonds prizes for the past six months,” the spokesperson added. Customers who have not registered will need their NS&I or Premium Bonds numbers, along with their name and address.
To check for unclaimed prizes, NS&I recommends using their prize checker tool on the website. This tool allows users to see any prizes won this month, previous draws, and any older prizes that may still be unclaimed. “We update our prize checker on the day after the first working day of each month,” officials confirmed.
Additionally, customers have the option to set up automatic reinvestment of their winnings into new Bonds, ensuring they remain eligible for the next month’s draw. However, Bonds purchased outside of this system must be held for a complete calendar month before qualifying.
The recent changes in the prize fund rate reflect a broader trend, as NS&I has made several cuts throughout 2025, dropping from 4.15 percent in January to 3.6 percent by August. This significant reduction highlights the need for investors to remain vigilant about their savings strategies.
As we enter 2026, Premium Bond holders are strongly advised to take immediate action. Review accounts, claim any unearned prizes, and stay updated on potentially lucrative opportunities. The financial landscape continues to evolve, and being informed is crucial for maximizing your savings potential.
