Where are my old RAF sav­ings?

The Daily Telegraph - Your Money - - FRONT PAGE -

I had an RAF sav­ings ac­count with the Post Of­fice and with­drew a large pro­por­tion of it for my wed­ding. The ac­count wasn’t closed prop­erly and I have been try­ing to re­cover what is left with­out suc­cess. WT, POWYS

You be­lieved you still had four shillings and 10d, which the Post Of­fice had been hold­ing for 51 years.

RAF Sav­ings Books were op­er­ated through the Bri­tish Forces Post Of­fice, which was at the time closely tied to the Post Of­fice Sav­ings Bank (now Na­tional Sav­ings & In­vest­ments).

In 1969 all Post Of­fice ac­counts were closed as the bank was trans­ferred to HM Trea­sury. The ac­count was then moved to the Resid­ual Ac­count and, fol­low­ing the Na­tional Sav­ings Bank Act 1971, in­ter­est would not have been paid as your bal­ance was less than £1.

Fur­ther to my in­volve­ment, NS&I traced the ac­count and paid what was now, post dec­i­mal­i­sa­tion, 24p by crossed war­rant.

A form to re­cover in­vest­ments from the Resid­ual Ac­count can be down­loaded from nsandi.com.

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