Yes, you can get them out but I don't think you can transfer them. My mum had an old style premium bond certificate she inherited from her mother, she never cashed it in because it was fairly low value. However, when mum died I managed to get the money back. My worry was it might be a winner at some point and I would not get the winnings! I needn't have worried because after the holder dies they're removed from the draw but they don't give you the money back unless you ask.
