€25k invested in prize bonds

dosebier

see someone with a very very old bond got 50 quid this week, bond number 2804. never seen one that old must have been sold in the very first few weeks of the draw being set up, they've been waiting a while!

Mechatronical

The problem is there are very few "non term" contract type options that have the flexibility of Prize Bonds that you can get your cash back relatively quickly (within 2-3 weeks) without penalization.  

Even if you were to invest a lump sum for example with your bank, I think the majority of those investment portfolios require a minimum 2 year signup to ensure any sort of gains. 

This is why there is a hesitation on my part to move away from prizebonds as the risk with them is minute and as previous posters said if you get 2/3 wins on your bonds throughout the year the winnings are as much as the interest on most banks savings accounts at present because interest rates are still not great (obviously dependent on how much of a lump sum you have).  Where as with investment portfolios you are locked in time wise (majority of time) and have a slightly higher risk of either making nothing or losing money and probably also people dont trust their banks that much anymore...

CeilingFly

Deleted User wrote: »

on that point I wonder why they don't increase the number of prizes? They must have so much more revenue than ever before, yet the amount or the value of the prizes haven't increased

The value of prizes follows a fixed formula that is published online and very clearly explained.

Currently many bonds issued by countries are negative interest, most banks give 0% interest on deposit, ecb rate is 0% too.

Prizebond prize rate is 0.5% pa and its calculated on a monthly basis based on current value of Prizebonds in issue.

http://www.statesavings.ie/PrizeBonds/Pages/Prizes.aspx#

If ecb rate was 5%, then prize fund would be ten times current value

Cork Lass

End of the dry spell for us. €50.00 this week.

tuisginideach

the drought continues here ... :(:(

pbwinner

Winnings on 11th May 2018: €0
Last win 29th September 2017: €50
Total winnings on €25k from Feb 2011 to date: €2500
2011: €75 x 4 €300
2012: €75 x 6 €450
2013: €50 x 12 €600
2014: €50 x 9 €450
2015: €50 x 5 €250
2016: €50 x 5 €250
2017: €50 x 4 €200
2018: €0

Andrew Flexing

tuisginideach wrote: »

the drought continues here ... :(:(

you're having a shocker Tuis!

Andrew Flexing

No Joy.
Weeks since last win; 2

PB2018

Winnings on 11th May 2018: €0
Last win on 10th November 2017: €50
Weeks since last win: 26
€134k invested in prize bonds since July 2017
Win ratio: 5 wins in 45 weeks (11%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-date): 0 x €0 = €0

unkel

I've put a significant amount of money into price bonds 8 months ago. Not as much as the OP, but still a lot of money. And I've won €0.00 so far. I guess sticking the money in here was a bit of a foolish choice. That said, at the time I had little or no alternatives. Pension contribution maxed up (to save income tax) and the money paid in interest on a savings account is near zero. Half of zero after tax :-)

Andrew Flexing

PB2018 wrote: »

Weeks since last win: 26
€134k invested in prize bonds since July 2017

Hey Zoos!
I thought I was bad at 14 weeks once.

FoolsGold1

I've been 'discovered'!
Winnings on 11th May ... 2 x €50 (€100)
Last win 19th January (€50) on c €70K

tuisginideach

Great news - hope for us all, so.

sheroman01

Put in a five figure sum about 6 months ago. €50 arrived last week

pbwinner

Winnings on 18th May 2018: €0
Last win 29th September 2017: €50
Total winnings on €25k from Feb 2011 to date: €2500
2011: €75 x 4 €300
2012: €75 x 6 €450
2013: €50 x 12 €600
2014: €50 x 9 €450
2015: €50 x 5 €250
2016: €50 x 5 €250
2017: €50 x 4 €200
2018: €0

tuisginideach

And again ... :(:(:(:(

scotchy

€50




.

Andrew Flexing

e50 today

PB2018

Winnings on 18th May 2018: €0
Last win on 10th November 2017: €50
Weeks since last win: 27
€134k invested in prize bonds since July 2017
Win ratio: 5 wins in 46 weeks (11%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-date): 0 x €0 = €0

Cork Lass

tuisginideach wrote: »

And again ... :(:(:(:(

Same here

honeybear

Cork Lass wrote: »

Same here

And here

FoolsGold1

Nothing today.
Last win last week, 11th May, 2 x €50.
Thanks to pbwinner and to PB2018 for their update; here is mine for comparison (on c.€70K):
2013 ... 24 x €50 = €1,200
2014 ... 24 x €50 = €1,200
2015 ... 10 x €50 ) =
1 x €100) = €600
2016 ... 15 x €50 = €750
2017 ... 8 x €50 = €400
2018 to
date ... 3 x €50 = €150

Mach Two

pbwinner wrote: »

Winnings on 11th May 2018: €0
Last win 29th September 2017: €50
Total winnings on €25k from Feb 2011 to date: €2500
2011: €75 x 4 €300
2012: €75 x 6 €450
2013: €50 x 12 €600
2014: €50 x 9 €450
2015: €50 x 5 €250
2016: €50 x 5 €250
2017: €50 x 4 €200
2018: €0

What is the equivalent interest rate on this PB Winner

Mach Two

Mach Two wrote: »

What is the equivalent interest rate on this PB Winner

I worked it out i think. 1.5%. I am thinking there is no Dirt tax. What is the rate of dirt tax on normal savings?

Sligo Quay

honeybear wrote: »

And here

Me too:(

Mach Two

Mach Two wrote: »

I worked it out i think. 1.5%. I am thinking there is no Dirt tax. What is the rate of dirt tax on normal savings?

If it is 1.5% is that not better than any of the banks and no tax to pay.

newtonjo

2011 25000 300 1.20%
2012 25300 450 1.78%
2013 25750 600 2.33%
2014 26350 50 0.19%
2015 26400 250 0.95%
2016 26650 250 0.94%
2017 26900 200 0.74%
2018 27100 0.00%
  Average 1.02%

25000 2100 8.40%
8
Average 1.05%

g0g

€ 1,000!!!!!!! (thought I'd share to show that there is hope for boardsies!)
Randomly arrived in the post today. I have € 10.9K, most bought in a batch a few years back. Only one € 50 (think it was 50 anyway) win to date otherwise. The win actually came from an older batch of € 500, not my main bundle. And yes I wrote to them last September asking if I'd missed any winnings and how would I go about selling them!

Static M.e.

Do they email you if you win or how to you know?


Do you think it is worth investing in Prize Bonds?

tuisginideach

g0g wrote: »

€ 1,000!!!!!!! (thought I'd share to show that there is hope for boardsies!)
Randomly arrived in the post today. I have € 10.9K, most bought in a batch a few years back. Only one € 50 (think it was 50 anyway) win to date otherwise. The win actually came from an older batch of € 500, not my main bundle. And yes I wrote to them last September asking if I'd missed any winnings and how would I go about selling them!

Well done gOg - think you're the first person (on this forum to have alerted us immediately to a) win of more than the basic!