National savings children's bonus bonds
The sums earn the derisory.1 per cent a year until they are claimed.
Analysis suggests as much as 500 million or multis or single bets 80 per cent of this residual account run by National Savings is made up of forgotten Childrens Bonds.
Customers can trace missing bonds through the service.It requires a minimum deposit of 500 and can be opened and managed online only.National virtual casino codes 3d Savings Investments will close its popular Children's Bonds next month after introducing its new Junior Isa.It said it would write to customers to explain their options.From that point the bonds could be managed online.
Your options now are to: Option 1: reinvest into another NS I account or investment.
NS I confirmed that the 800,000 bonds opened by parents, grandparents and great-grandparents could be kept until maturity, but did not say what would happen to the accounts after that.Bonds are renewed and reinvested automatically unless you tell the NS I otherwise?Every number has a separate and equal chance each month of winning a prize.Prizes range from 25 to 1 million and are all tax-free.Results of a Freedom of Information Request by The Mail on Sunday to National Savings Investments suggests many savers who received these plans as children are oblivious that they even own the products.The interest rate earned on the last ever issue (number 37) is 2 per cent a year on a maximum 3,000 investment.If we already have a record of your nominated bank account, well automatically pay the full value of your Bond into that account, unless you choose option.By continuing to use our website you are agreeing to their use.And, you can get your money back whenever you want, with no notice and no penalties.At the very least I would like to see it pay the same rate as on its plain vanilla Investment Account, currently.7 per cent a year.Anyone aged 16 or over can open an Investment Account, either by yourself or jointly with someone else.