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Prize Bonds

  • 16-10-2007 12:01am
    #1
    briman1983
    Registered Users, Registered Users 2 Posts: 292 ✭✭


    Ok lads what are year taughts of investing 5k for the next 6 months in prize bonds. Waiting until April to buy new car so money is just sitting in bank at the moment.

    Any other ideas for the money please share.

    Brian


Comments

  • #2
    drdre
    Closed Accounts Posts: 8,244 ✭✭✭drdre


    briman1983 wrote: »
    Ok lads what are year taughts of investing 5k for the next 6 months in prize bonds. Waiting until April to buy new car so money is just sitting in bank at the moment.

    Any other ideas for the money please share.

    Brian

    Thats a good idea as you usually get 75 euro every few months as my mum and me have bonds and ive got over 300 euro in the last year.Its a good investment and its guarnteed


  • #3
    Reyman
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭Reyman


    I haven't seen the true returns on prize bonds quoted lately. But I imagine they're still quite low in the absence of any publicity to the contrary i.e. around 2% - 2.5p.a. This represents around €50 return on your investment for 6 months.

    Not a good bet - you'll get twice that or €100 with Rabo or one of the other banks


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