Premium Bonds aren't a separate category of bonds, but rather bonds that are sold at a price above their face value or par. If the prevailing interest rates in the economy fall after issuance, these ... MoneyWeek on MSN: Millions of Premium Bonds prizes are still unclaimed.

Understanding the Context

Could some be yours? Millions of pounds are sitting idle in unclaimed Premium Bonds prizes. Could you have unknowingly won a prize in the Premium Bonds draw? Here's how to find out.

Key Insights

Millions of Premium Bonds prizes are still unclaimed. Could some be yours? MoneyWeek on MSN: Premium Bonds holders wait three years on average before winning a prize Premium Bonds savers face waiting years before winning a prize, and those with lower holdings have less chance of a win. Premium Bonds holders wait three years on average before winning a prize More than 24 million people in the UK have NS&I Premium Bonds, which enters your savings into a monthly draw, offering tax-free prizes from £25 to £1million. However, after a previous drop to the ...

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