14 August 2019
By Bryan Smyth
We are now firmly in August, and the weather is getting cooler, but in positive news a Prize Bond Star Prize of €50,000 has gone to bond number AKN 787644 held by a person with an address in County Cork. The lucky bond was purchased in 2018. There were over 4,800 prizes awarded in this week’s Prize Bond Draw, amounting to over €304,000.
In addition to a €1 million prize awarded on the last weekly draw of June and December, there are weekly draws where the top prize is €50,000. Other cash prizes awarded each week include 10 of €1,000 and 10 of €500.
Prize Bonds are a State Savings product which, instead of paying interest, offers bond holders the chance to win cash prizes every week. All winnings are tax-free, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.
Prize Bonds can be purchased by Direct Debit, online at www.StateSavings.ie, by telephone to callsave 1850 30 50 60 or at your local Post Office. Prize Bond holders can check draw results online at www.StateSavings.ie. The main winning numbers are also available in most Post Offices.
Founded in 1957, the Prize Bonds draw is Ireland’s longest running prize draw. The unit price of a Prize Bond is €6.25 with a minimum purchase of four units, at a total cost of €25. All eligible Prize Bonds enter a weekly cash draw with currently over 7,000 prizes.
Prize Bond draws are held every Friday. There is a €1 MILLION Prize awarded on the last Friday of every June and December. A top prize of €50,000 is awarded in every other weekly draw.
Prize Bonds are an integral part of the wider range of Ireland State Savings products offered to retail customers by the National Treasury Management Agency (NTMA). The scheme is operated by the Prize Bond Company on behalf of the National Treasury Management Agency (NTMA).
While the Prize Bond Company is a joint venture between An Post and FEXCO all money is placed directly with the Irish Government under the management of the NTMA.
Prize Bonds money form part of Ireland’s National Debt. Repayment of all Prize Bonds money, together with the payment of prizes, is a direct unconditional obligation of the Government.