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€25k invested in prize bonds

1183184186188189195

Comments

  • Registered Users, Registered Users 2 Posts: 2,209 ✭✭✭scotchy


    €75 for me today,

    💙 💛 💙 💛 💙 💛



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    March count. The same 10 million bonds BFQ to BFZ in each of the 5 draws. These bonds also won €500 BFX March 22.

    Friday 01. 119 prizes. Highest BFU 16. Lowest BFV 6.

    Friday 08. 148. BFR & BFW 19 each. BFS 8.

    Friday 15. 119. BFS 17. BFV 8.

    Friday 22. 115. BFZ 21. BFR 4.

    Thursday 28. 137. BFU 20. BFX 9.

    Highest overall BFZ 77 (14,16,9,21,17). Lowest BFX 50 (13,9,13,6,9).

    50 million bonds won 638 prizes, average per million 12.76. x 52 x €75 = €49,674.00. Divided by 62.5 to get what €100K would win in a year with the same luck = €796.22. Nearest to 11 x €75.



  • Registered Users, Registered Users 2 Posts: 2,093 ✭✭✭tuisginideach


    I was looking forward to maybe getting good news tomorrow - disappointed to read here that the draw was today!

    5 x €75 in first quarter 2024 and 5 x €50 in first quarter last year - was there supposedly an increase in the number of prizes? It didn't reach me!



  • Registered Users, Registered Users 2 Posts: 517 ✭✭✭Atlantis50


    My six month return on 150k since they changed the rates in October is 13 x €75 (€975).



  • Registered Users, Registered Users 2 Posts: 16,566 ✭✭✭✭yabadabado


    €75 for me yesterday'. Second win of the year.

    Already a better return than 2023 thankfully.



  • Registered Users Posts: 841 ✭✭✭pbwinner


    Winnings on 28th March 2024: €0

    Last win 7th July 2023: €50

    Total winnings on €25k from Feb 2011 to date: €3300

    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: €50 x 1 = €50

    2024: €0 x 0 = €0



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    6 x €500K, and 26 x €50K awarded since the 1% came in on 06 October 2023.

    €500K's in this order. AOB861008 Kildare. BEU717008 Dublin. BF834930 Monaghan. APK548408 Kildare. TT789120 Dublin. JY677374 Waterford.

    €50K's. x 10 Dublin. x 5 Cork. x 2 Kerry, Wicklow. x 1 Kildare, Kilkenny, Westmeath, Wexford, Galway, Limerick, USA.

    Not much joy for those of us North of a line between Dublin and Galway.



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    The site is now saying the Tracker is going at the end of April. First noted 31 March, but probably there before that?

    IMPORTANT: The Prize Bond Tracker will be removed at the end of April 2024. Customers can still check winnings using other features on the Website including State Savings Online.



  • Registered Users, Registered Users 2 Posts: 643 ✭✭✭sportsfan90


    Question on the rule of not being able to cash in any new PB's in the first 90 days. I presume this only applies to newly bought PB's?

    For example, this week I cashed in a portion of one PB holding. So I expect to get a new slip in the next week or so with the remaining bonds in that holding. Is this new slip considered 'new' with regards to the 90 day rule? Likewise with any €75 wins that are reinvested to new PB's. I presume the 90 day rule doesn't apply in either of these cases?



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    "So I expect to get a new slip in the next week or so with the remaining bonds in that holding. Is this new slip considered 'new' with regards to the 90 day rule?"

    Very difficult to answer this definitively. I'm assuming the you did what they refer to as a "Partial Encashment", i.e. cashed in some of the range, starting with the first number in the range. It isn't explicitly stated anywhere that you can cash the remaining bonds within 90 days of issue of the new cert, however it would appear reasonable that you should be able to do so as you have already held these for over 90 days. But "State Savings" and "reasonable" don't always go together. I had a similar request at one point and their interpretation of the regulations made almost no sense.

    "Likewise with any €75 wins that are reinvested to new PB's. I presume the 90 day rule doesn't apply in either of these cases?"

    Do I have to hold Prize Bonds reinvested from Prize Bond winnings for 90 days?

    No, Prize Bonds that have been purchased from a prize win are not required to be held for a minimum of 90 days. These bonds are eligible for repayment to your bank account once issued.

    Source: https://www.statesavings.ie/help-support/help-articles/what-happens-if-i-choose-automatic-reinvestment-of

    Post edited by Hibernicis on


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  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    My interpretation. There is no purchase involved, so the rule about purchases doesn't apply.

    "Except with the consent of the Operator, the sum repayable in respect of a bond shall not be repayable nor shall a bond be transferable at any time prior to the elapse of 90 days after the date of purchase of the bond."



  • Registered Users, Registered Users 2 Posts: 643 ✭✭✭sportsfan90


    Thanks Hibernicis and dxhound2005. It's also my interpretation that I should be able to cash in the remainder of the holding without having the 90 day rule imposed again.

    I did a partial encashment a few years ago, and while I didn't attempt to cash in any more of it in the following 90 days, the date on the new slip was the same as the date from when the original holding had been bought. That was in the days of the old smaller type slips that they used post out but I'd imagine it should be the same now. But then again it's not impossible that they'd send out a "computer says no" type response.

    If I do end up requesting to cash in the remainder of that holding within 90 days I'll post in this thread if I was successful or not.



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    Thanks @sportsfan90

    I’d be very interested to hear details of the Replacement Certificate you receive for the balance of that batch that you cashed in this week, and specifically what date is shown on it. Would really appreciate if you could post this when you receive the cert.



  • Registered Users, Registered Users 2 Posts: 2,093 ✭✭✭tuisginideach


    Nothing here according to tracker and no email



  • Registered Users Posts: 841 ✭✭✭pbwinner


    Winnings on 5th April 2024: €0

    Last win 7th July 2023: €50

    Total winnings on €25k from Feb 2011 to date: €3300

    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: €50 x 1 = €50

    2024: €0 x 0 = €0



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    €75 for me, email came at 12:39.

    The number of €75 prizes on the April draws is 9,215 down from 9,241 in March. The newest bond to win on 01 March was BGA272878. Newest 05 April BGG141193. Sales of around €36.7 million.



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    €75 here, good way to start Q2



  • Registered Users, Registered Users 2 Posts: 744 ✭✭✭POBox19


    Nothing either for me from prize bonds this week.

    The number of €75's is down to 9215 per week for April. However, the number to watch for next month is 9211 because that will be 257 less €75's per week. So what? Over a year that is €1million less prize money paid out which @ 1% will show that the total fund has dropped by €100million since October 23. The trend in April is down, not as steep as February and March, but a way from bottoming out and growing again.



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    Thanks @POBox19

    That makes a lot of sense in the context of the market. Presumably people moving money to fixed term while rates of 3%+ are still available. And some strong demand offers out there as well. Even with the advantage of being free of DIRT, PB's miserly 1% (which is .75% approx in real terms) looks pretty poor.



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  • Registered Users, Registered Users 2 Posts: 500 ✭✭✭notsocutehoor


    €75 win this week, last win 8/3/2024, third win this year

    Prize Bond bought July 2020

    Winnings to date (no winning records kept pre 2005) €2,625 on €12,700 (including reinvestments) worth of PB's bought monthly over a 26/27 year period plus €20,000 bought in Feb 2016 (eight €50 wins and two €75 wins on the February 2016 purchase), plus €20,000 bought in July 2020 (four €50 wins and one €75 win on the July 2020 purchase), plus €30,000 bought in October 2020 (three €50 wins and one €75 win on the October 2020 purchase).

    Winnings 2011 €75

    Winnings 2012 €150

    Winnings 2013 €200

    Winnings 2014 €100

    Winnings 2015 Zero

    Winnings 2016 €200

    Winnings 2017 €250

    Winnings 2018 Nada, Zilch, SFA

    Winnings 2019 €250

    Winnings 2020 €150

    Winnings 2021 €150

    Winnings 2022 €100

    Winnings 2023 €275

    Winnings 2024 €225 (and counting)

    Here's to next Friday



  • Registered Users, Registered Users 2 Posts: 300 ✭✭carrickbawn


    75 for me yesterday. Same batch again. I have had 5 wins since last July,all from that batch.

    Nothing from bigger batches that I had up to recently. I mentioned before that that serial number seems to consistently have alot of winners. Last week it had 20. 16 from Dublin and 4 for the rest of the country.

    Strange🤔



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    Simon Bourke© Wexford People Today at 10:48.

    A prize bond holder from Co Wexford is €50,000 richer this morning after their bond was picked out of the hat in the weekly prize bond draw. The lucky bond was purchased in 2022 and has the number BBQ980950.

    Would be from late September 2022. Someone in America also had a bit of good luck.

    Prize Value Winning Prize Bond Location

    €75.00 AZY438804 U.S.A

    €75.00 AZY438807 U.S.A



  • Registered Users, Registered Users 2 Posts: 744 ✭✭✭POBox19


    They'll have a very nice BBQ with that prize.



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    Premium Bonds reduced their rate in March from 4.65% to 4.40%. First reduction since December 2020. They did nine changes since. Looking at the historical rates since 2008, they seem to have gone a bit mad in the last three years with their rates. Used to leave them unchanged for longer, and not too much variation.

    https://www.nsandi.com/historical-interest-rates



  • Registered Users, Registered Users 2 Posts: 744 ✭✭✭POBox19


    Yes, and still 4.4 times the return of prize bonds and keeping the odds at 21,000:1 for a £1 bond. The investment to get to 1:1 is £21k. It’s great to see that NS&I are quite open about returns and odds of winning in their draws.

    A iron curtain of corporate marketing speak comes down around State Savings anytime I ask about odds. With prize bonds currently I estimate the equivalent monthly figure is close to €115k or 18,500 bonds at €6.25 each.



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  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    According to Martin Lewis, it is not so straightforward. And it is only able to report typical luck, which anyone can also do for Prize Bonds. For the €75 prizes, with no complication from any other small prize amounts.

    https://www.moneysavingexpert.com/savings/premium-bonds/

    On the surface, Premium Bonds don't look complex. NS&I happily lists the chance of one bond winning a prize in a month (1 in 21,000) on its website.

    Yet to calculate the odds of winning certain prize levels accurately, you need to use something called 'multinomial probability'. After all, to work out the chance of someone winning £200 a year, they could win 2 x £100, 8 x £25, 4 x £50, or a host of other variants. This multitude of probabilities means accurate calculation is hellish.

    Back in 2012, I set myself a challenge to do it. I failed. I got one of my team with a top maths degree to try. He failed. We contacted a London School of Economics professor of financial mathematics – she knew how to work it out, but she needed a specialist to do it for her.

    Eventually we tracked down a postdoctoral cosmology statistician (someone who calculates star movements) who had the requisite probability skills, and he wrote us an algorithm to build a calculator. We've since refined and updated it in light of changes to the distribution of the prizes, and have recently launched a new version of the Premium Bonds Calculator.

    This allows you to plug in how many bonds you have, and it will predict your likely winnings and compare them with savings. It proves that at every value, someone with typical luck will earn less than the quoted prize rate.

    The odds in the calculator are based on the prize distribution for the most recent draw; it does change slightly each month. So even with all the great maths, even this should only be seen as a very good estimate.



  • Registered Users, Registered Users 2 Posts: 744 ✭✭✭POBox19


    @dxhound2005 I saw that a while back and the calculator could keep one engaged ;)

    At the end of the day both systems are a game of chance. It's a gamble and we just hope to come out on the right side with a good win. Otherwise we'd be tucked up in a nice 1 year 3.5% fixed term waiting for the returns notification to land in the inbox.



  • Registered Users, Registered Users 2 Posts: 853 ✭✭✭cobham


    I have UK bonds x 4 since 1950's ( I am that old yes) and won once c 1967 = £25. Surely my luck should come round again?



  • Registered Users Posts: 841 ✭✭✭pbwinner


    Winnings on 12th April 2024: €0

    Last win 7th July 2023: €50

    Total winnings on €25k from Feb 2011 to date: €3300

    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: €50 x 1 = €50

    2024: €0 x 0 = €0



  • Registered Users, Registered Users 2 Posts: 7,263 ✭✭✭The Continental Op




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  • Registered Users, Registered Users 2 Posts: 12,044 ✭✭✭✭anewme


    €75 for me today, first win since October 2020.



  • Registered Users Posts: 395 ✭✭willycat


    Actually it's even worse, because you have available options now for savings in Ireland with way better returns AND instant access accounts. I am one of those who moved money to other options like the ones below.

    N26 is offering 2.8% AER (4% if you pay for the Metal tier) in its savings account, which is awesome, and comes with instant access so there's no need to lock your money for a specific timeframe, and the interest is paid monthly (which helps compound). No limits in regards of how much you want to put there. 4% in instant access accounts instad of fixed term accounts is really good. PM me for a referral code if interested.

    Other non-banking institutions like Trade Republic also offers 4% AER with almost-instant access (2-3 business days). Max 50K. Can provide referral code for TR too.

    I use both (N26 since they opened in Ireland like 4-5 years ago) and they work well! I use N26 for my daily banking too, I had enough of PTSB's nonsense increasing fees.



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    There are better returns available in the UK than is offered by Premium Bonds. But Premium Bonds have stood the test of time since the 1950's just like Prize Bonds have. There is no need to be concerned on behalf of the tiny tiny amount of money which people put into Prize Bonds.

    Worry more for the €150 billion in current account type bank accounts getting next to nothing in interest. Or the multiple of the Prize Bonds amount in Credit Unions, who won't even declare what interest rate they are paying until the end of the year. Beyond redemption are those who simply abandon vast sums in Dormant Accounts. Or who don't bother collecting Lottery prizes of about €20 million every year.

    People in Ireland who managed to buy Premium Bonds may also have bank accounts in England. Some accounts offer a prize draw as well as interest. They must have spotted a niche in the market for people who like this sort of product.

    https://heymoneytalk.co.uk/focus/growing-wealth/savings-accounts-with-a-bonus-prize-draw/



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    Nothing for me today.

    AFR828842 also won €75 in Carlow. So someone probably €50,075 better off.

    Lucky Carlow winner scoops €50,000 with Prize Bonds

    The lucky bond number is held in Carlow and was purchased in 2016

    One lucky Carlow person has won €50,000 through Prize Bonds.

    Aisling Bolton-Dowling Today at 15:42 (Independent).

    The weekend is off to a great start for one lucky Carlow person who has scooped an impressive €50,000 with Prize Bonds. This week’s Prize Bond Star Prize of €50,000 goes to Prize Bond number AFR834912, held in Co Carlow. The lucky bond was purchased in 2016.



  • Registered Users, Registered Users 2 Posts: 734 ✭✭✭Sligo Quay


    Thank you, sign up today and posted the form off.



  • Registered Users, Registered Users 2 Posts: 734 ✭✭✭Sligo Quay


    What do you reckon, another person with a big holding, winning €75 and the star prize €50k.

    Anyway I see our big Greek holder won another €75 today and as usual nothing for guess who, yeah you guess correctly.

    I live in hope, I dream big and there's always next Friday.



  • Registered Users, Registered Users 2 Posts: 21,562 ✭✭✭✭dxhound2005


    AFR numbers around that range won on 10 November 2023, 24 November 2023 and 23 February 2024. All in Carlow. So it must be someone there with a big bunch.

    We can only look back 26 draws with location details. But we can see all winners going back four years. 10,000 bonds AFR825000 to AFR835000 won 22 prizes in four years.



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    €75 for me today



  • Registered Users, Registered Users 2 Posts: 2,093 ✭✭✭tuisginideach


    nothing



  • Registered Users Posts: 54 ✭✭TabbyLongTails


    everyone, do yourself a favour and put your prize bond money in to trade republic or Lightyear and get 4% a year, prize bonds are just a lottery ticket that doesn’t win



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  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    I was only thinking the other day that it's been some time since we had any of this unasked for advice.

    Yeild/Return is just one of the factors involved in any investment decision. When other factors are taken into account, prize bonds (along with other state savings products) can make sense for a portion of a balanced investment portfolio. PB can also be a useful holding place for money on a short to medium term basis, especially where it may be required at short notice.

    I'd be particularly slow about putting money in the two outfits you are recommending, as they are not banks and do not benefit from either State Guarantees or DGS, and what alleged guarantees they do have are relatively low.



  • Registered Users, Registered Users 2 Posts: 643 ✭✭✭sportsfan90


    Agreed. Nobody here is saying go to State Savings for the best returns. I’d wager most people who contribute to this thread have money invested elsewhere and whatever portion they have in PBs is just one element of their portfolio.

    At the risk of derailing the thread, what is the issue with Trade Republic with regards to DGS?



  • Registered Users, Registered Users 2 Posts: 3,732 ✭✭✭Montage of Feck


    But a lottery ticket that you can get a full refund on, state guaranteed.

    🙈🙉🙊



  • Registered Users Posts: 503 ✭✭✭Happyhouse22


    Want to cash in prize bonds but don’t have a bank account.in Ireland at the moment.

    Is it possible to get it paid by cheque?
    Or even better a family member’s account?



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    @sportsfan90

    At the risk of derailing the thread, what is the issue with Trade Republic with regards to DGS?

    Don't want to derail the thread, however this has been discussed a lot in the past. You might find this interesting: https://www.reddit.com/r/irishpersonalfinance/comments/16p5s8t/trade_republic_deposit_guarantee_scheme_doubts/



  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    Cheque repayment is no longer an option.

    If you have a State Savings Online account, the repayment will be paid to whatever bank account is listed on that. Otherwise, you fill in a repayment form per the following:

    Prize Bonds repayment

    Prize Bonds can be cashed in at any time after an initial holding period of 90 days and transferred to your Bank Account.

    Simply complete a repayment form available here or at any Post Office and send it with:

    the Prize Bond certificate* AND

    a copy of a bank statement verifying the account name(s) and IBAN to:

    State Savings, Prize Bonds, Fexco Centre, Killorglin, FREEPOST, Co. Kerry, V93 WN9T.

    * It is optional to return the original Prize Bond certificates with the form. If you are not returning the original Prize Bond certificates please complete the relevant details on the form.

    Source: https://www.statesavings.ie/help-support/help-articles/withdrawal-request-repayments

    Post edited by Hibernicis on


  • Registered Users, Registered Users 2 Posts: 2,093 ✭✭✭tuisginideach


    €75 today



  • Registered Users Posts: 841 ✭✭✭pbwinner


    Winnings on 19th April 2024: €0

    Last win 7th July 2023: €50

    Total winnings on €25k from Feb 2011 to date: €3300

    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: €50 x 1 = €50

    2024: €0 x 0 = €0



  • Registered Users Posts: 841 ✭✭✭pbwinner


    everyone, do yourself a favour and put your prize bond money in to trade republic or Lightyear and get 4% a year, prize bonds are just a lottery ticket that doesn’t win

    Yawn



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  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭Hibernicis


    €75 for me today



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