Premium Bonds alert as loyal saver's holdings more than halve in value
manchestereveningnews.co.ukA Premium Bonds holder expressed disappointment after discovering they had won no prizes despite holding their Bonds for 37 years.
The saver revealed on X: "My mom bought £10 worth of Premium Bonds in 1987 for me when I was two years old. She did a clear-out recently and found the details.
I signed up with NS&I to keep track of it and I was absolutely amazed to discover that it's now worth...a grand total of... £10." In response, NS&I clarified the rules, stating: "Please note that interest is not earned on Premium Bonds, so the value of the Bonds will remain the same." Premium Bonds holders are entered into a monthly prize draw rather than their holdings increasing in value in line with an interest rate.
However, savers should be aware that if they don't win any prizes, although the amount they invest will stay the same, it will in fact lose its value to inflation as everyday prices rise.
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