Octopus Money

“Financial advice firm Octopus Money obtained data from NS&I through a Freedom of Information request showing that £4.25billion was being held in Premium Bonds without generating a return through priz…”

“The data also found that around £97million in Premium Bonds prizes remained unclaimed at the time of the request.”

“Further research commissioned by the company suggested that if the same £4.25billion had been invested in stocks and shares ISAs over the previous 10 years, it would have grown to £10.69billion.”

“That represents more than £6billion in potential gains that would have been missed by keeping the money in Premium Bonds.”

“Over the previous five years, 94 per cent of prize winners held more than £10,000 in Premium Bonds, while three quarters had holdings worth more than £25,000.”

“88 per cent of winners in the most recent year received less than £2,000 in prizes.”