€25k invested in prize bonds

PB2018

mrcheez wrote: »

Just curious on this.

€134,000 has netted €600 is that right?

Equivalent to 0.0044% interest on 134K.

Is it not better to put it into a 1% interest savings account (or higher if you can find it) as even after tax it would have netted more?

Hi MrCheez!

I just did a few quick calculations based on current interest rates, and likely DIRT rate in 2020 (33%). Note that in 2017 when I invested, DIRT was at 39%, which does make a difference when it comes to smaller margins.

I've held prize bonds for almost 2 years and won €550; based on averages so far, let's assume I win another €50 before the end of June, which would equate to €600 on €134k invested. For ease of comparison, assume this split evenly between year 1 and year 2; therefore €300 in year 1 is equivalent to a net interest rate of 0.22%; €600 in year 2 is equivalent to a net interest rate of 0.45%.

Unfortunately bank interest rates aren't at 1% - especially after paying DIRT. I just did a very quick scan on current interest rates - note this wasn't an exhaustive search so it's purely for illustrative purposes:

- Best instant access: Ulster Bank @ 0.1% gross (net 0.07% after DIRT) which works out at circa €90 (after DIRT) per annum

- Best fixed 12 month: PTSB @ 0.5% gross (net 0.34% after DIRT) which works out at circa €449 (after DIRT) after 12 months

So I could get slightly more for 12 months (and longer); but I want to have fairly easy access to the €134k, which fixed accounts don't allow. Prize Bonds can be redeemed in a week or two (as mentioned elsewhere).

Based on current winnings, Prize Bonds have provided a slightly better rate than most banks, with the added benefit of having more flexibility to withdraw when needed.

I may re-look at them in light of new DIRT rate from 2020 and depending on interest rates.

Hope this helps explain!

dxhound2005

€50 for me today from my March 2010 bonds.

Four prizes in Antrim, two probably to the same person. Those NT bonds would be from Sept 2010.

Prize Value Winning Prize Bond Location
€50 AIL381295 Antrim
€50 NT696382 Antrim
€50 NT697461 Antrim
€50 XB828173 Antrim

Cork Lass

FoolsGold1

€50 on 26/4/19
Last win €50 on 12/4/19

PB2018

Winnings on 3rd May 2019: €0
Last win: 1st March 2019: €50
Weeks since last win: 9
€134k invested in prize bonds since July 2017
Win ratio: 11 wins in 96 weeks (11%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 2 x €50 = €100

diceyreilly

1st ever win today. €50. Was beginning to wonder if my bonds were in there at all.

FoolsGold1

Thank you PB2018 for those interesting details. Are you 'twice around the daffodils', of is that my over-vivid imagination? You considered since mid-2017 that it was as good enough on option as any/or it just suits you better for the time being? Either way, I suppose you have the chance of something bigger, and best of luck with that! Thanks again for your time.

FoolsGold1

Nothing...€50 last week, so I daren't complain!!

piston

€50 today

My first win since my €50 in August 2018 (On €8,500).

Negative_G

Negative_G wrote: »

First win today in over a year on 71k.

Winnings on 29th March 2019: €100 (2x €50)
Last win 5th March 2018: €50
Previous win 2nd February 2018: €50

Total winnings since Feb 2015 on €50k: €1,200
Total winnings since Oct 2016 on €20k: €100

Winnings on 3rd May 2019: €50
Last win 29th March 2019: €100 (2 x €50)
Previous win 5th March 2018: €50

Total winnings since Feb 2015 on €50k: €1,200
Total winnings since Oct 2016 on €20k: €150

donkeykong5

Hibernicis wrote: »

donkeykong5 wrote: »

Her husband died. Had to send copy of her husbands will and copy of his death certificate which cost 20 euro plus registered post which was 8 euro. I have showed her the posts on the forum

Why is this disgraceful ? It is exactly as set out here:

https://www.statesavings.ie/help-support/help-articles/initiate-deceased-case

Poor woman has to get yet another form signed as theres another prize bond worth £5.00 old money. Registered post costs €8.00 .

dxhound2005

€50 for me today from my January 2010 bonds.

Lucky person of the day is in Wicklow.

Prize Value Winning Prize Bond Location
€50 ADH268631 Wicklow
€50 ADH268681 Wicklow

joeysoap

donkeykong5 wrote: »

Poor woman has to get yet another form signed as theres another prize bond worth £5.00 old money. Registered post costs €8.00 .

In this case use ordinary post.if it gets lost it gets lost. Or ignore the bond.

donkeykong5

joeysoap wrote: »

donkeykong5 wrote: »

Poor woman has to get yet another form signed as theres another prize bond worth £5.00 old money. Registered post costs €8.00 .

In this case use ordinary post.if it gets lost it gets lost. Or ignore the bond.

Yeah they informed her when the original letter containing death cert and will got lost....that one in 10 letters to them get lost!

tuisginideach

again this week :(

Andrew Flexing

No Joy.
weeks since last win: 9

Cork Lass

Nothing for us this week.

pbwinner

Winnings on 3rd May 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2850
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 5 €250

Negative_G

Negative_G wrote: »

Winnings on 3rd May 2019: €50
Last win 29th March 2019: €100 (2 x €50)
Previous win 5th March 2018: €50

Total winnings since Feb 2015 on €50k: €1,200
Total winnings since Oct 2016 on €20k: €150

Two in a row!

Winnings on 10th May 2019: €50
Last win 3rd May 2019: €50
Previous win 29th March: €100 (2 x €50)

Total winnings since Feb 2015 on €50k: €1,200
Total winnings since Oct 2016 on €20k: €200

pbwinner

Winnings on 10th May 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2850
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 5 €250

Andrew Flexing

€50 today!

Hope those still checking have similar luck !

tuisginideach

tuisginideach wrote: »

again this week :(

and again :(

PB2018

Winnings on 10th May 2019: €50
€134k invested in prize bonds since July 2017
Win ratio: 12 wins in 97 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 3 x €50 = €150

dxhound2005

€50 for me today from my March 2010 bonds.

Someone in Sligo with bonds from before the Euro has been waiting all this time for a prize. And then along comes two today. Probably.

Prize Value Winning Prize Bond Location
€50 CY331811 Sligo
€50 CY332078 Sligo

Cork Lass

Nothing for us this week. Can’t remember the last time we won anything

Andrew Flexing

e50 again today

9 weeks without a win, then 2 wins in a row!

Good luck to all today...

tuisginideach

tuisginideach wrote: »

and again :(

and again and again and again :(:(:(:(

Andrew Flexing

Tuis - you're having a shocker!

PB2018

Winnings on 17th May 2019: €0
Last win: 10th May 2019: €50
Weeks since last win: 1
€134k invested in prize bonds since July 2017
Win ratio: 12 wins in 98 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 3 x €50 = €150

pbwinner

Winnings on 17th May 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2850
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 5 €250