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Prize bonds from the post office on the quay

  • 15-04-2011 10:12pm
    #1
    O Riain
    Closed Accounts Posts: 1,107 ✭✭✭


    Just wondering has anyone ever bought prize bonds from the post office on the quay or if they know someone who has. What are they like do ya know?


Comments

  • #2
    JPA
    Registered Users, Registered Users 2 Posts: 13,780 ✭✭✭✭JPA


    What do you mean what are they like?


  • #3
    O Riain
    Closed Accounts Posts: 1,107 ✭✭✭O Riain


    JPA wrote: »
    What do you mean what are they like?

    Are they good craic like, would ya pop down for a few pints in the pub with em. :p

    I mean has anyone had any problems with them, has anyone had any experience with winning money on them, any problems cashing them in etc.


  • #4
    ft9
    Registered Users, Registered Users 2 Posts: 4,408 ✭✭✭ft9


    Yeah right craic for a few pints the aul prizebonds. AHH the memories


  • #5
    thomasm
    Registered Users, Registered Users 2 Posts: 1,503 ✭✭✭thomasm


    Have a read near the end of this thread
    http://www.askaboutmoney.com/showthread.php?t=20903&highlight=Prize+bonds

    All you need to know


  • #6
    seanybiker
    Closed Accounts Posts: 10,898 ✭✭✭✭seanybiker


    Mother won 500 on them about 10 years ago. Think she had the prize bond since the 70s lol


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  • #7
    danjo-xx
    Registered Users, Registered Users 2 Posts: 5,393 ✭✭✭danjo-xx


    Had great craic with em for over 15yrs never won a cent or even a free pint.
    Took my €10 out eventually and its real value then was probably less than €2:(

    ~some ppl get lucky but I hate them sort of folk:D


  • #8
    dayshah
    Closed Accounts Posts: 2,542 ✭✭✭dayshah


    Prize bonds are not an investment.

    They are a way for the government to borrow money and pay next to nothing in interest. Also no investment in the state is risk free. With Irish debt trading at about 10% that means a loan to the government is more risky than the average credit union loan.

    So basically prize bonds are more risky than a post office savings cert or savings account, and less fun than a night in Kilcohen.


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