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NS&I has issued a warning to Premium Bonds customers, stating that they may find their funds returned to them when attempting to purchase more. The alert went out after a saver contacted the provider with a query about their son's Bonds, explaining: "I have recently started to top up my 17-year-old son's Premium Bonds but don't know if the standing order is going through to the right account as I have had no confirmation. How do I know if all is well?"
Parents and guardians often set up accounts for their children, buying and managing Bonds on their behalf. However, NS&I highlighted that the rules change at a crucial point.
In response to the customer's query, NS&I stated: "As your son is over the age of 16, we would now ask that all deposits come from a UK bank account in his own name, instead of yours. Normally, if
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