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Prize bonds

  • 14-06-2017 12:07pm
    #1
    OkeyDoke12
    Registered Users, Registered Users 2 Posts: 320 ✭✭


    Received a gift of €50 prize bonds for my birthday 2 years ago but haven't done anything with them. Is there any way I can claim that €50 back as cash?


Comments

  • #2
    Spocker
    Moderators Posts: 6,900 ✭✭✭Spocker


    Details of how to cash them in are in this doc, section 14: http://www.statesavings.ie/Downloads/PrizeBondsFAQs.pdf


  • #3
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    Outstanding Prize Bonds are part of the national debt, the Government owes you the money so cashing them in is no problem. They used to be administered by Bank of Ireland from a special office in Mount St., Dublin until a few years ago when the work was taken over by FexCo in Kerry.


  • #4
    Okon
    Registered Users, Registered Users 2 Posts: 351 ✭✭Okon


    OkeyDoke12 wrote: »
    Received a gift of €50 prize bonds for my birthday 2 years ago but haven't done anything with them. Is there any way I can claim that €50 back as cash?

    But, but, but... you might win a million Euro if you keep it!!! :eek:


  • #5
    RossaP
    Registered Users, Registered Users 2 Posts: 2 ✭RossaP


    Hey I have a question.. I won a prize draw back in 2002 and it’s been growing with intrest since 2002 and has gone through multiple intrest rates.. can anyone tell me the interest rates from 2002-2018?

    16 years of intrest paid on top of €75.


  • #6
    harringtonp
    Registered Users, Registered Users 2 Posts: 2,569 ✭✭✭harringtonp


    Another question, my 5 year old has a load of bonds which he received over the past few years from grandparents as birthday/xmas presents. I was looking to cash some of them in and put them towards a decent bike for him. But if I get a cheque it is crossed and has to go into an account in his name. If I open a post office account, money cannot be withdrawn until he is 7. Is there a way around this ?


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  • #7
    harringtonp
    Registered Users, Registered Users 2 Posts: 2,569 ✭✭✭harringtonp


    harringtonp wrote: »
    Another question, my 5 year old has a load of bonds which he received over the past few years from grandparents as birthday/xmas presents. I was looking to cash some of them in and put them towards a decent bike for him. But if I get a cheque it is crossed and has to go into an account in his name. If I open a post office account, money cannot be withdrawn until he is 7. Is there a way around this ?

    Anybody ?


  • #8
    Bubbaclaus
    Registered Users, Registered Users 2 Posts: 4,461 ✭✭✭Bubbaclaus


    harringtonp wrote: »
    Anybody ?

    Buy the bike for him?


  • #9
    harringtonp
    Registered Users, Registered Users 2 Posts: 2,569 ✭✭✭harringtonp


    Bubbaclaus wrote: »
    Buy the bike for him?

    Its looking like that alright


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