There is a huge amount of money sitting in dormant savings accounts, and many individuals have between £450 and £1,500 just waiting to be claimed across savings, pensions and more
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Households could be sitting on hundreds of pounds in forgotten bank accounts and savings deals.
In fact Brits have around £4.5billion unclaimed, according to lost assets firm Gretel.
The average person with a lost account has £450 to claim, but some have up to £1,500, The Sun reports.
Up to 10million of us have this unclaimed cash.
If you’re lucky the money could even be earning interest.
The Mirror reported last month that one woman was stunned to learn the £2.50 she had in a 60-year-old account she had as a girl had accrued 100 per cent interest and is now worth £250.
How to track down a lost account
If you know the name of a bank, building society or savings firm you might have money in, contact them first.
The website Accountdetective.co.uk can tell you if any of these firms have rebranded, and provide their contact details
If you cannot remember the details of an old account, or your bank or building society cannot find it, you can use a service called My Lost Account.
The more details you have the better.
Gretel has its own free online service that tries to track down forgotten accounts for…
