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€25k invested in prize bonds

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    #8372
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    https://www.boards.ie/discussion/comment/119975202#Comment_119975202

    Same as that. Almost 6 months of nothing. Not good.



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    #8373
    dxhound2005
    Registered Users Posts: 21,021 ✭✭✭✭dxhound2005


    https://www.boards.ie/discussion/comment/119920841#Comment_119920841

    Another €50 today from the same group.

    Prize Value Winning Prize Bond Location

    €50.00 MC930099 Louth



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    #8374
    pbwinner
    Registered Users Posts: 825 ✭✭✭pbwinner


    Winnings on 16th December 2022: €0

    Last win 5th August 2022: €50

    Total winnings on €25k from Feb 2011 to date: €3250

    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: €50 x 2 = €100

    2019: €50 x 6 = €300

    2020: €50 x 5 = €250

    2021: €50 x 1 = €50

    2022: €50 x 1 = €50



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    #8375
    Atlantis50
    Registered Users Posts: 517 ✭✭✭Atlantis50


    The UK equivalent "Premium Bonds" have steadily increased their rate from 1% to 3% over the last six months: https://www.nsandi.com/historical-interest-rates

    NTMA taking Irish PB holders for granted it seems with their paltry 0.35% rate unmoved since the last reduction last year.



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    #8376
    BohsCeltic
    Registered Users Posts: 1,582 ✭✭✭BohsCeltic


    I must check my Mother's now for her. Forgot all about them.



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    #8377
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    Just gets worse and worse... nothing



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    #8378
    Negative_G
    Registered Users Posts: 1,345 ✭✭✭Negative_G


    https://www.boards.ie/discussion/comment/118024419#Comment_118024419

    Winnings on 9th Dec 2022: €50

    Last win 15th Oct 2021: €50

    Previous win 12th Feb 2021: €50

    Total winnings since Feb 2015 on €50k: €1,550

    Total winnings since Oct 2015 on €20k: €300


    Incredibly poor return, particularly over the last 18-24 months.



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    #8379
    dxhound2005
    Registered Users Posts: 21,021 ✭✭✭✭dxhound2005


    Nothing for me today. The €50K winner was bought in 2008.

    "This week’s Prize Bond Star Prize of €50,000 goes to lucky Prize Bond number JA 015174 held in County Laois. The lucky bond was

    purchased in 2008. "



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    #8380
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    https://www.boards.ie/discussion/comment/120003969#Comment_120003969

    Same here. Decided to start cashing in on January 1st and buy some new bonds and significantly reduce my holding.

    Been my worst year ever.



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    #8381
    PB2018
    Registered Users Posts: 272 ✭✭PB2018


    Wins on 16th December 2022: €0

    Last win: 28th October 2022: €50

    Weeks since last win: 7

    €134k invested in prize bonds since July 2017

    Win ratio: 36 wins in 285 weeks (13%)

    2017 (Jul-Dec): 5 x €50 = €250

    2018 (Jan-Dec): 4 x €50 = €200

    2019 (Jan-Dec): 5 x €50 = €250

    2020 (Jan-Dec): 10 x €50 = €500

    2021 (Jan-Dec): 2 x €50 = €100

    2022 (Jan-date): 7 x €50 = €350



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    #8382
    yabadabado
    Registered Users Posts: 16,531 ✭✭✭✭yabadabado


    €50 today and €50 last week.

    First win since July,nice end to the year.



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    #8383
    TheJet
    Registered Users Posts: 169 ✭✭TheJet


    I purchased €10,000 Prize Bonds December 2020 and have won absolutely nothing to date. My sister and I have maybe €400 worth of bonds which we got from our father, some going back to 1980’s I think. We won €75 over 10 years ago but nothing since.



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    #8384
    dxhound2005
    Registered Users Posts: 21,021 ✭✭✭✭dxhound2005


    I have a bunch worth €10K which has not won since June 2018. Presently €10K with average luck would win €50 once every two years.

    29 Jun 2018

    Prize Bond Number Value of Prize

    GI472437 €50.00

    01 Jun 2018

    Prize Bond Number Value of Prize

    GI471806 €50.00



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    #8385
    dxhound2005
    Registered Users Posts: 21,021 ✭✭✭✭dxhound2005


    The next draw is Thursday 22 December.



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    #8386
    POBox19
    Registered Users Posts: 687 ✭✭✭POBox19


    https://www.boards.ie/discussion/comment/120003969#Comment_120003969
    https://www.boards.ie/discussion/comment/120023756#Comment_120023756

    Don't hold your breath tuisginideach!



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    #8387
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    Glory hallelujah, €50 today. Filled out partial encashment form yesterday ready for posting on December 31st.

    Will still reduce my exposure. Might reconsider going back in when they increase the number of prizes but no sign of that happening anytime soon.

    Happy Christmas everybody and a happy, healthy and prosperous 2023.



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    #8388
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    We're a pair carrickbawn - €50 here today too! I have reduced my holding over the year too.


    Happy and healthy Christmas and New Year to all.



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    #8389
    Oscar Madison
    Registered Users Posts: 700 ✭✭✭Oscar Madison


    We won €50 worth of prizebonds! I just assumed it would be cash!

    Are things getting that tight financially?



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    #8390
    dxhound2005
    Registered Users Posts: 21,021 ✭✭✭✭dxhound2005


    Nothing for me today. Assuming the same next week, a mini annual report. I had a winner or winners in every month except January, actually no win until the 25 February draw. Roughly a return of 0.33% for the year.

    A happy Christmas to all, and just to show what we could aspire to. 12 x €50 in 5 months, where 4 would be expected. Fermanagh bonds.

    For ACK320000 - ACK350000

    Draw Date Prize Value Prize Bond Number

    22 Dec 2022 €50.00 ACK326596

    25 Nov 2022 €50.00 ACK349233

    18 Nov 2022 €50.00 ACK348237

    04 Nov 2022 €50.00 ACK341161

    04 Nov 2022 €50.00 ACK343600

    04 Nov 2022 €50.00 ACK340664

    21 Oct 2022 €50.00 ACK324826

    14 Oct 2022 €50.00 ACK347872

    23 Sep 2022 €50.00 ACK326088

    23 Sep 2022 €50.00 ACK328827

    29 Jul 2022 €50.00 ACK344322

    22 Jul 2022 €50.00 ACK345364



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    #8391
    Hibernicis
    Registered Users Posts: 1,547 ✭✭✭Hibernicis


    https://www.boards.ie/discussion/comment/120025376#Comment_120025376

    No. Cash (cheque) prizes ended a couple of years ago. The choices now are (1) supply them with bank account details and prize winnings are transferred to your account or (2) new prize bonds are issued to the value of your winnings. If you don’t supply bank details then new prize bonds are issued.

    Bonds issued as prize winning reinvestment are exempt from the three month holding rule, so if you want the cash you can return these immediately.



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    #8392
    Hibernicis
    Registered Users Posts: 1,547 ✭✭✭Hibernicis


    Next week, Fri 30th, is the quarterly €250,000 draw.



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    #8393
    DriveSkill
    Registered Users Posts: 757 ✭✭✭DriveSkill


    So at end of the year more or less and feels like a poor year for me although in reality probably more of less what is expected.

    Total bonds : €104K

    Prizes : 4 x €50 (Apr, June, Sept, Oct)

    Hope everyone has a nice Christmas and hopefully there might be a bit of an increase in prizes next year!



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    #8394
    PB2018
    Registered Users Posts: 272 ✭✭PB2018


    Wins on 23rd December 2022: €0

    Last win: 28th October 2022: €50

    Weeks since last win: 8

    €134k invested in prize bonds since July 2017

    Win ratio: 36 wins in 286 weeks (13%)

    2017 (Jul-Dec): 5 x €50 = €250

    2018 (Jan-Dec): 4 x €50 = €200

    2019 (Jan-Dec): 5 x €50 = €250

    2020 (Jan-Dec): 10 x €50 = €500

    2021 (Jan-Dec): 2 x €50 = €100

    2022 (Jan-date): 7 x €50 = €350



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    #8395
    Sligo Quay
    Registered Users Posts: 733 ✭✭✭Sligo Quay


    No Christmas joy, total wins in 2022 €200euro, last win Friday 2nd December, happy Christmas to all.



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    #8396
    dickface
    Registered Users Posts: 130 ✭✭dickface


    Will the odds of winning increase soon considering central bank rates are up ?



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    #8397
    pbwinner
    Registered Users Posts: 825 ✭✭✭pbwinner


    Winnings on 22nd December 2022: €0

    Last win 5th August 2022: €50

    Total winnings on €25k from Feb 2011 to date: €3250

    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: €50 x 2 = €100

    2019: €50 x 6 = €300

    2020: €50 x 5 = €250

    2021: €50 x 1 = €50

    2022: €50 x 1 = €50



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    #8398
    abff
    Registered Users Posts: 5,760 ✭✭✭abff


    https://www.boards.ie/discussion/comment/120030091#Comment_120030091

    I was wondering that myself. The interest rate used to calculate the prize fund was reduced from 0.5% to 0.35% in January 2021.

    There have been several increases in the ECB rate in recent months, but the prize fund is unchanged at 0.35%. Must be overdue a change.



  • Options
    #8399
    Atlantis50
    Registered Users Posts: 517 ✭✭✭Atlantis50


    https://www.boards.ie/discussion/comment/120036422#Comment_120036422

    The rationale for cuts has always been some variation of "The new rates reflect the reductions in interest rates in the savings market and in Sovereign bond yields generally."

    So there's two factors they say they consider when setting the rate:

    1. Savings market interest rates: AIB & Permanent TSB recently increased their fixed term deposit rates slightly but Raisin bank is offering up to 2.90% for 1yr fixed deposit: https://www.askaboutmoney.com/threads/term-deposits-fixed-lump-sum-savings.101813/
    2. Sovereign bond yields: At the time of the reduction to 0.35% in January 2021, the 10yr bond yield for Ireland was 0.30%, so pretty close to the PB rate. However, almost exactly 1 year later the rate exceeded 1% and did not fall below it, in fact it has been over 2% for almost 3 months now, presently just short of 3%: https://tradingeconomics.com/ireland/government-bond-yield

    So on both fronts, State Savings/NTMA are failing to keep pace with bank deposit rates and sovereign bond yields. I had thought a few months ago that they would have gone back up to 0.5% by now, but considering the above, a more substantial increase is now due.

    New Finance Minister Michael McGrath who is in charge of the NTMA has previously complained about cuts in state savings rates when he was in opposition: https://www.fiannafail.ie/news/savers-short-changed-as-prize-bond-pay-out-slashed-ff

    He can be contacted at michael.mcgrath@oireachtas.ie should anyone wish to express their views on the current rates (I will be).



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    #8400
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    Back to the usual nothing today. 🙄



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    #8401
    PB2018
    Registered Users Posts: 272 ✭✭PB2018


    Wins on 30th December 2022: €0

    Last win: 28th October 2022: €50

    Weeks since last win: 9

    €134k invested in prize bonds since July 2017

    Win ratio: 36 wins in 287 weeks (13%)

    2017 (Jul-Dec): 5 x €50 = €250

    2018 (Jan-Dec): 4 x €50 = €200

    2019 (Jan-Dec): 5 x €50 = €250

    2020 (Jan-Dec): 10 x €50 = €500

    2021 (Jan-Dec): 2 x €50 = €100

    2022 (Jan-date): 7 x €50 = €350



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