NS&I clarifies Premium Bond cashing process, addressing confusion over costs and maturity.
National Savings and Investments (NS&I) has alerted Premium Bond holders about cashing out their bonds, following confusion over costs exceeding bond values due to postage. NS&I clarified that bonds with holder's numbers can be cashed online, while older bonds require a postal form. Additionally, they highlighted that funds remain active until withdrawal requests are made before maturity. NS&I manages over 24 million customers, offering secure savings products.
October 21, 2024
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