Prize Bonds

You may think that investing is Prize Bonds is just another form of Lottery ticket purchase but it is different. The major attraction is that you get your money back whenever you choose. It is therefore a capital guaranteed bond.
Prize Bonds are a unique form of risk-free, state guaranteed investment offering you the chance to win big cash prizes. Prize Bonds are purchased in units of €6.25 . There is a minimum purchase of 4 units costing €25.

With a huge number of mostly small prizes weekly, the average return from winnings is about 2% The Prize draw takes place every Friday. There are almost 6,000 tax-free cash prizes every week. All winnings are tax-free. In Ireland winnings are not liable to Income Tax, Capital Gains Tax, or D.I.R.T. (Deposit Interest Retention Tax). This brings the average net return up to over 3%.

Prize Bond winnings are confidential. The names of Prize Bond winners are not published; nor are they disclosed to anyone other than the winner. You can check your winning numbers on this site which includes the results of the weekly draw. Winning numbers are also available on Threetext, TV3′s teletext service. The list of Top 6 Weekly Winning numbers is available from any of 1,000 Post Offices.
The great advantage of Prize Bonds is that you can cash them in. In effect it is therefor an investment with a 100% capital guarantee. You can cash your Prize Bonds in at any time after the minimum holding period of three months and you will receive the full face value on your bonds within seven working days. Prizes range from €75 to €1 million.