With Premium Bonds however, there is no option to transfer them. NS&I does allow them to be held by the estate for one year after death and during this time they will still be entered into the prize draw each month.
If the deceased's Premium Bonds stay in the draw, which they can for up to 12 months (instead of being repaid), who will receive any prizes won? Once we've been told of the customer's death, any prizes won will be paid by warrant (like a cheque) to the person entitled to the money after we've completed the claim.
Are my old Premium Bonds still valid? Yes. As long as you haven't cashed your Bonds in, they're still valid and they're still being entered into our monthly prize draws.
And there's no time limit to make your claim. Just log in to view your prize history, or use our prize checker to see if you have any prizes you don't know about yet. Or you can write to us asking for your prize history.
*If you know your Premium Bond holder's number, you can go to the prize checker section on the NS&I website or download the prize checker app - at the App store and on Google Play. If you own Amazon Alexa, there's a Premium Bonds prize checker skill there too.
Dealing with Premium Bonds after someone's death
Assets are generally sold or encashed during the administration period, although some can be transferred to beneficiaries who wish to keep the holding.
Call the NS&I at 08085 007 007 if you're unsure what to do. The NS&I will answer questions for free over the phone. Give them a ring any day from 7am to 10pm and they'll help answer any questions you have regarding old bonds—they won't be able to relay personal info over the phone, though.
The Executor can trace and claim Premium Bonds belonging to the deceased either online or by post. If applying by post, they must include a copy of the death certificate and the Will. If applying online, the Executor must complete a bereavement claim form.
Premium Bonds
You can cash in all or part of your Bonds at any time. If you're registered to manage your savings online or by phone, simply log in or call us.
They earn interest regularly for 30 years (or until you cash them if you do that before 30 years).
There's no investment risk: Because Premium Bonds are government-backed there is no chance of losing your money.
For those, you must look at the issue date. EE and I bonds earn interest for 30 years from the issue date. HH bonds earn interest for 20 years from the issue date.
Savings bonds are sold at a discount and do not pay regular interest. Instead, as they mature, they increase in value until they reach full face value at maturity.
Premium bonds cannot be held jointly with another person. Additionally, premium bonds cannot be nominated to pass to a beneficiary when a person dies.
Can you win more than one prize on premium bonds? Yes, however, each £1 bond can only have the chance to win one prize per month. They can win time and time again though.
You can download lists of all winning Bond numbers for each of the last six months.
On average, even with 50,000 bonds, you would wait 99,450 years before having an even chance of winning one. In the two hundred millennia since Homo sapiens first appeared, you might have expected two.
Premium Bonds offer a way of investing anything from £100 to £50,000. Each month a draw is made and around £100m is won by Premium Bond holders. The top prize is a £1m jackpot. Tax and you do not need to declare it on your tax return.
How to claim Premium Bonds after a death. The Executor can trace and claim Premium Bonds belonging to the deceased either online or by post. If applying by post, they must include a copy of the death certificate and the Will. If applying online, the Executor must complete a bereavement claim form.
Once in your TreasuryDirect account, the bond will be registered in your name alone. You can then add either a secondary owner or beneficiary.
All premium bonds are issued by the UK government and can be purchased online, over the phone or by filling out a paper application and sending it by post. This can be done on the NS&I website here. When it comes to the number of premium bonds that investors can buy, the answer is 50,000.
Proud heritage. A Bletchley Park code breaker invented the first ERNIE in 1956. Following this, Harold Macmillan announced the launch of Premium Bonds on Budget Day, 17 April 1956, offering everyone an alternative way to save.
To use the prize checker on our website, all you'll need is your holder's number, which you can find on your Bond record or by logging in to your account. It has either 9 or 10 digits, or 8 digits followed by a letter. You can also use your holder number to check if you've won in our prize checker app.
A 40-year-old investor would be 40-20=20% bonds. Their allocation to bonds is 20%, and stocks are 80%. But a 60-year-old investor would be 60-20=40% bonds. This is the traditional 60/40 portfolio, which is 60% stocks and 40% bonds.
Your heart stops beating. Your brain stops. Other vital organs, including your kidneys and liver, stop. All your body systems powered by these organs shut down, too, so that they're no longer capable of carrying on the ongoing processes understood as, simply, living.