€25k invested in prize bonds

dxhound2005 · 24-01-2023 3:12pm

That works out at about €50 million for 30 days. I do a post after the first draw of each month working out the approximate value of sales in the previous month. By taking the difference between the newest winning numbers. €50 million is very much in the ball park.

See post #8422 where I made the sales for December 2022 to be around €47 million. And as it was the end of the year, post #8423 sales of around €617 million for the year. The monthly sales and encashment figures are published in the annual reports. You can see the 2021 figures in the link below, page 22. 2022 figures will be out sometime around April or May.

https://www.statesavings.ie/media/pdf/prizebonds_annualreport_2021.pdf

POBox19 · 25-01-2023 1:24pm

The UK's National Savings & Investments Board are increasing the rate paid on their Premium Bonds to 3.15%, winning odds are 24,000:1 per £1 bond, minimum purchase is £25, max. is £50k. This follows the rate increasing from 2.20% to 3.00% on 1 January 2023. An investment of £50K could see an average return of around £1575.

Any chance that State Savings will get even close to 3%?

https://www.nsandi.com/products/premium-bonds

Hibernicis · 25-01-2023 3:47pm

https://www.boards.ie/discussion/comment/120155362#Comment_120155362

No.

pbwinner · 27-01-2023 1:48pm

Winnings on 27th January 2023: €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

2023: €0

VonLuck · 27-01-2023 2:59pm

Has anyone ever gotten the error "sorry we were unable to process your payment" when trying to purchase Prize Bonds? I thought I might have been over my bank daily transfer limit so I tried reducing the value and still no luck.

Sligo Quay · 27-01-2023 4:54pm

https://www.boards.ie/discussion/comment/120114638#Comment_120114638

Good for you, that's a fantastic investment, highest I ever went was 100k with 4 batches 10k 20k 30k 40k, I cashed in the 40k batch in July 2022 bringing mine back down to 60k with 3 batches 10k 20k 30k, I might cash in the 10k batch this year and hold on to the 20k 30k batches.

Nothing for me this week, last win 2nd December 2022 €50.

I see ZH65696 won the 50k and it's not a Greek bond, it's Waterford, the Greek bonds are higher up in the 800000s

PB2018 · 27-01-2023 5:10pm

Wins on 27th January 2023: €0

Last win: 6th January 2023: €50

Weeks since last win: 3

€134k invested in prize bonds since July 2017

Win ratio: 37 wins in 291 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

2023 (Jan-date): 1 x €50 = €50

carrickbawn · 27-01-2023 5:55pm

Nothing here again. I €50 euro win in 7 months. Not good.

dxhound2005 · 28-01-2023 3:02pm

Nothing for me.

January count, the same 15 million bonds BCB to BCP in each of the four draws. Not counting a €500 and a €1,000 winners.

Friday 06. 104 prizes, highest BCF 11, lowest BCI 1.

Friday 13. 84, BCI 9, BCC 2.

Friday 20. 105, BCH & BCJ 11 each, BCG 1.

Friday 27. 80, BCG 11, BCH & BCM 2 each.

Highest overall BCF 33 (11,6,7,9). Lowest BCM 19 (6,3,8,2).

60 million bonds won 373 prizes, average per million 6.217. x 52 x €50 = €16163.33. Divided by 62.5 to get what €100K would win in a year with the same luck = €258.61, nearest to 5 x €50.

POBox19 · 29-01-2023 4:03pm

https://www.boards.ie/discussion/comment/120165438#Comment_120165438

Yes. It was my bank that caused the issue. I had to call them and they fixed it for one purchase, but then it happened again. So, I transferred cash into Revolut and that went through without any problems.

Mantis Toboggan · 30-01-2023 11:12pm

Has anyone here considered moving over to trade republic?

PB2018 · 03-02-2023 1:53pm

Wins on 3rd February 2023: €0

Last win: 6th January 2023: €50

Weeks since last win: 4

€134k invested in prize bonds since July 2017

Win ratio: 37 wins in 292 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

2023 (Jan-date): 1 x €50 = €50

tuisginideach · 03-02-2023 3:24pm

Nothing for weeks ...😪

Trigger Happy · 03-02-2023 3:28pm

Nothing for me again.

Last win on 101,000 worth of bonds was 16th Dec 22.

carrickbawn · 03-02-2023 3:36pm

Nothing here again either. Just went online to encash a good chunk of them.

pbwinner · 03-02-2023 4:56pm

Winnings on 3rd February 2023: €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

2023: €0

beachhead · 03-02-2023 5:03pm

Invested in PBs years ago.Average win less than one per year.Some people are lucky.But it seems the newer the purchase the quicker you win.Personal purchasers have not a hope against club,corporate ,etc buyers

yabadabado · 03-02-2023 6:45pm

https://www.boards.ie/discussion/comment/120179905#Comment_120179905

I'm considering moving 50k from PB to it.

2% on that is a lot more than I've ever gotten with PB .

yabadabado · 03-02-2023 6:45pm

€50 win today,first of the year.

robwen · 03-02-2023 8:05pm

https://www.boards.ie/discussion/comment/120197535#Comment_120197535

I was looking them up & came on some dodgy reviews on trustpilot

https://ie.trustpilot.com/review/www.traderepublic.com

yabadabado · 04-02-2023 12:39am

https://www.boards.ie/discussion/comment/120197831#Comment_120197831

I saw that previously but I opened an account with them last week and it was quick and straightforward.

I haven't lodged anything yet but it's either them or raisin I think I'll be going with .

pappyodaniel · 04-02-2023 1:27am

I put about 1k into prize bonds about ten years ago and kinda forgot about them until I moved house recently and found my statement with my bond numbers. I've no idea if they've accumulated anything since. So I tried logging into my account with my regular email address but it's not recognising it. Any advice on what to do or should I just phonecall them directly during weekday hours?

POBox19 · 04-02-2023 2:02pm

https://www.boards.ie/discussion/comment/120199765#Comment_120199765

State Savings changed their system a few years ago and the old logon the check your bonds is closed. You now register with your PPS, or SSCN if you have one. A bit like opening a bank a/c and you should be able to upload your bond numbers when you're in and link your bank a/c for prizes to be paid. There is a facility on the site to check if you have any unclaimed prizes without having to register.

dxhound2005 · 05-02-2023 2:29pm

Nothing for me.

The number of €50 prizes in the February draws is 4,735 up from 4,712 in January. The newest bond to win on 06 January was BCQ 456969, newest 03 February BCX 947818. Sales of around €46.8 million.

Dublin got 2,005 prizes, the first time over 2,000. 1,996 of those were €50 prizes, 42.15% of the total.

transylman · 06-02-2023 4:04pm

Geniune question. Why keep your money in prize bonds long term given the awful rate of return?

Mantis Toboggan · 06-02-2023 5:53pm

https://www.boards.ie/discussion/comment/120208295#Comment_120208295

I'd imagine most don't keep it long term, it's a great place short term, no risk, easy access and a chance of a win every week.

POBox19 · 07-02-2023 12:15pm

https://www.boards.ie/discussion/comment/120208295#Comment_120208295

You get nothing from the banks, but there is a chance of a tax free win with PBs.

lordleitrim · 07-02-2023 10:12pm

Got two €50 wins in a row in January 6th and 13th. First time getting wins back to back.

Does anyone else get excited when they see the notification on their phone on Friday lunchtimes that they have a prize bond win? 🤑 For the few seconds it takes to log in after getting the alert, I always have this fantasy that it is the jackpot or even a €1000 win but alas its always the 50 euro....better than nothing I suppose!😊

sportsfan90 · 08-02-2023 7:01pm

It's been a while since I've cashed in any bonds. Has anyone here done so recently and how long did it take before the money is in your bank account?

bmc58 · 08-02-2023 7:11pm

https://www.boards.ie/discussion/comment/120213248#Comment_120213248

Do you get a cheque or do you just get some more prize bonds?Heard they don't pay out the €50 prize in cash anymore.

carrickbawn · 08-02-2023 7:38pm

https://www.boards.ie/discussion/comment/120216685#Comment_120216685

I cashed some in on state savings account online last Friday afternoon and the money was in my account this morning.

Would probably have been Tuesday if Monday wasn't a bank holiday.

sportsfan90 · 08-02-2023 7:46pm

https://www.boards.ie/discussion/comment/120216827#Comment_120216827

Great thank you.

Dazler97 · 08-02-2023 7:49pm

I have 2 prize bonds from 1995 (before I was born) Much would they be worth if theirs £10 on each

Dazler97 · 08-02-2023 7:51pm

How are people winning 100k

dxhound2005 · 08-02-2023 8:05pm

https://www.boards.ie/discussion/comment/120216876#Comment_120216876

The IR£ Euro exchange rate never changes. The value of each IR£5 bond was rounded to €6.35. The ones issued in Euro are €6.25. Yours have a slightly better chance of winning because of that.

lordleitrim · 08-02-2023 11:22pm

https://www.boards.ie/discussion/comment/120216729#Comment_120216729

I just do nothing and let it auto reinvest back into additional prize bonds.

Dazler97 · 09-02-2023 12:19am

https://www.boards.ie/discussion/comment/120216935#Comment_120216935

Where do I cash them in 🤔

dxhound2005 · 09-02-2023 12:22am

Go to the Prize Bonds website for all the information. But if they were issued before you were born, is it your name on them?

pbwinner · 10-02-2023 3:45pm

https://www.boards.ie/discussion/comment/120197166#Comment_120197166

It's a long-dismissed myth that newer bonds are luckier than older bonds, each bond has an equal chance of winning. Except pre-euro bonds which would have a slightly better chance of winning because of rounding. So it also doesn't matter if you are a personal purchaser or part of a club.

pbwinner · 10-02-2023 3:47pm

Winnings on 10th February 2023: €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

2023: €0

Trigger Happy · 10-02-2023 4:03pm

Their site seems to be down right now.

"Our services aren't available right now

We're working to restore all services as soon as possible. Please check back soon."

But I am anticipating that my outcome will be 'No winnings for me again this week"!

PB2018 · 10-02-2023 4:04pm

Wins on 10th February 2023: €0

Last win: 6th January 2023: €50

Weeks since last win: 5

€134k invested in prize bonds since July 2017

Win ratio: 37 wins in 293 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

2023 (Jan-date): 1 x €50 = €50

dxhound2005 · 10-02-2023 9:10pm

Nothing for me. The two newest bonds to win were both in Co Down BCZ, almost certainly the same person getting a quick return on their purchase.

5 prizes shown

Prize Value Winning Prize Bond Location

€50.00 AZN339690 Down

€50.00 BCZ836917 Down

€50.00 BCZ839864 Down

€50.00 JG675382 Down

€50.00 SK734245 Down

Assuming the full BCZ series has been issued, that makes the number of bonds issued in Euros 1.341 billion, worth €8,381,250,000. They started with bond number DL000001. Before the Euro, 116 million bonds x €6.35 each were issued, worth €736,000,000. They started in 1957, so it was well over 40 years before the Euro. And well over half of all bonds have been issued since the start of the AAA series in mid 2015. By sheer numbers older bonds are going to get fewer prizes, not even taking into account how many of them have been cashed in.

willycat · 10-02-2023 11:08pm

https://www.boards.ie/discussion/comment/120179905#Comment_120179905

I did in December, and got paid my first %2 anual interest this January (average of all uninvested cash held during the month). I moved 10k first, to see how it went. Pretty straightforward, and a great app to follow up everything. I don't use TradeRepublic for investing (got it elsewhere) but for cash that I don't want to invest, and is sitting in my low yielding Irish bank account, why not? It's actually held in a Citi account in Ireland, covered by the Deposit 100k blabla. Takes 1 business day to transfer, as it's a SEPA transfer back and forth. If you need them, 1 day to recover your funds. They only pay 2% for the first 50k of uninvested cash.

I started with bonds last year, because of the same reason: I had cash that I did not want to invest, just sitting in low yielding accounts. Therefore I moved it to bonds. Got one prize the second week (wow! Lucky) and nothing else. So now that there's an option, I am moving away from bonds. It's a pity because I like them, but 0.35% it's just ridiculous. So every month I move more and more from bonds to Trade Republic.

I got a referral code, if you are interested DM me, I think they're giving a bonus of a share/fraction of €50 for registering through a referral.