Jul 30 2007
The National Savings & Investments (NS&I) organisation has announced its plan to try to reunite British consumers with savings accounts they have forgotten were opened in their name during the early years of their life.
NS&I reports that a total of more than £435 million has been left in its accounts for more than 15 years and forgotten child savings schemes are among the most commonly neglected funds.
And the financial service provider has launched a new initiative aimed at encouraging UK consumers to find out if they can access money they might not be aware they are entitled to.
Peter Cornish, customer director at NS&I, explained: "We want to help re-unite as many people as possible with savings they have forgotten they had invested with NS& I, or as we were formerly known, National Savings.
"We have launched an advertising campaign to jog as many memories as possible and the service is completely free-of-charge."
Children born in the UK after September 2002 have a child trust fund opened in their name and a voucher worth £250 added by the government.
