EPISODE · Aug 27, 2025 · 6 MIN
That Old £5 Premium Bond: Forgotten Treasure or 'Squalid Raffle'?
from Daily Nuggetz - an AI-driven podcast · host A & I
Got an old Premium Bond from a grandparent tucked away in a drawer? Ever wonder if that £5 note from 1977 could be your ticket to a million? In this episode, we dive deep into the world of the UK's most popular savings product, NS&I Premium Bonds.We'll reveal the surprising statistical reason why your decades-old bond has likely never won a prize (spoiler: you're not unlucky, you're average!). We also provide a step-by-step guide on how to use the free official tracing service to find lost bonds and check for any unclaimed prizes that might be waiting for you. Finally, we break down whether Premium Bonds are a smart place for your money today compared to modern savings accounts. Is it a tax-free haven for savvy savers or, as one politician famously called it, just a 'squalid raffle'? Tune in to find out.
What this episode covers
Got an old Premium Bond from a grandparent tucked away in a drawer? Ever wonder if that £5 note from 1977 could be your ticket to a million? In this episode, we dive deep into the world of the UK's most popular savings product, NS&I Premium Bonds.We'll reveal the surprising statistical reason why your decades-old bond has likely never won a prize (spoiler: you're not unlucky, you're average!). We also provide a step-by-step guide on how to use the free official tracing service to find lost bonds and check for any unclaimed prizes that might be waiting for you. Finally, we break down whether Premium Bonds are a smart place for your money today compared to modern savings accounts. Is it a tax-free haven for savvy savers or, as one politician famously called it, just a 'squalid raffle'? Tune in to find out.
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That Old £5 Premium Bond: Forgotten Treasure or 'Squalid Raffle'?
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