I tracked down a lost bank account after SIXTY YEARS and it was worth hundreds – how you can too
A WOMAN who opened a bank account when she was six-years-old has tracked it down decades later - and discovered it's worth hundreds of pounds.
Carol Allison from Edinburgh deposited a shilling a week into her savings for a year when she was a child with her grandmother's help.
She paid the cash into an account with Trustee Savings Bank, which later became TSB, and as a shilling is the equivalent of five pence, saved £2.50 in total.
She forgo all about it and now aged 74, she stumbled across the bank book detailing her deposits when having a clear out recently, , along with details of two other accounts.
After going to the bank, she found that she could still access the money and after more than 60 years it is now worth £250.
She told BBC Scotland: "I was really pleased and thanked my grandmother, under my breath, when they told me I had £250.
"They said it had continued to gain interest all that time. I'm now going to see how much has accrued in the other two now, it's very exciting."
Carol, who had four kids of her own since opening the bank account, is now urging others to check if they have unclaimed cash in "lost" accounts.
Brits could be missing out on millions of pounds from lost bank accounts as well as Premium Bonds, pensions and investments.
Current accounts and savings accounts that haven't been touched in 15 years can be raided with the money going to good causes.
If you can't remember the details, or your bank or building society says it can't help, you can use the free tracing service.
You can reclaim wins all the way back to June 1957.
Child Trust Funds
Millions of parents could be missing out on up to £1,500 stashed away in a Child Trust Fund in their child's name.
Children born between September 1, 2002 and August 2, 2010, were given a government bonus of £250 each through the tax-free scheme when they were born, and then another £250 when the child reached the age of seven.
While children born between August 3, 2010 and January 2, 2011 got £50.
You’ll need a government "Gateway" ID to do this, although if you don't have one you can create one when you fill in the online form.
HMRC will then get back to you, usually within three weeks.
The Sun previously spoke to one mum who found £800 in her son's missing Child Trust Fund.
Lost insurance policies
How to reclaim lost insurance policies depends on the type of policy you have.
If you know the name of the company, first use the free site to check if the company has changed its name, and to uncover its contact details.
Just bear in mind that this service costs £25 for each search.
For car insurance policies, check the .
When it comes to travel, home and other insurance policies, unfortunately there is no central policy database you can check.
We spoke to one saver who discovered a missing pension pots worth £27,000.
Lost investments
If you're struggling to find a record of your investments, you can check by getting in contact with the company you have shares in.
But keep in mind that they will charge you a replacement shares certificate, although they'll conduct a search for free.
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Alternatively, you can try contacting trade bodies the or the .
The amount you could claim back would depend on how much you've invested.
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