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prize bonds can only be used once ??

  • 15-01-2016 04:07PM
    #1
    celligraphy
    Registered Users, Registered Users 2 Posts: 492 ✭✭


    Hi I was talking to my partners mom about getting priza bonds for my daughter , she said she got some as presents ages ago and that they can be only used once to enter a draw and then that's it they are gone .. is this true


Comments

  • #2
    Youngblood.III
    Site Banned Posts: 777 ✭✭✭Youngblood.III


    celligraphy wrote: »
    Hi I was talking to my partners mom about getting priza bonds for my daughter , she said she got some as presents ages ago and that they can be only used once to enter a draw and then that's it they are gone .. is this true

    No....absolutely incorrect of your partners mom. Used in every single draw as long as you have them.


  • #3
    SouthernBelle
    Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭SouthernBelle


    No, that's not right.

    Is my Prize Bond included in every draw?
    A registered prize bond is included in every draw until it is encashed. With Prize Bonds you are eligible to win not just once, but every week. Each individual bond is eligible to win one prize in every draw.

    http://www.statesavings.ie/downloads/prizebondsfaqs.pdf


  • #4
    celligraphy
    Registered Users, Registered Users 2 Posts: 492 ✭✭celligraphy


    I knew it was something like that she has them still in the house must tell her she actually thought it was like the lotto as in buy a share and can only be used once and not worth anything after that .


  • #5
    Flukey
    Registered Users, Registered Users 2 Posts: 11,005 ✭✭✭✭Flukey


    Yes, they are included in every draw as long as you have them. Even if a bond wins in one draw, it can win again in future draws. Every week is a new draw and all previous winning bonds are back in the draw again with their chance of winning. It is not easy to win and it has got more difficult in recent years. Have a look at the €25k invested in prize bonds thread that is in this forum. Even people with that much of them aren't winning as often as they used to. Even if you only have a small amount though, you still could win. So who knows, your daughter could win. There are certainly worse things you could buy her as a present.


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