For online it's down to the daily limit on your Debit Card. BOI is €20k, AIB is €5k inner limit, N26 is €20k per day and per month, PTSB is €2,500.
On the last few occasions I purchased larger amounts, I purchased the daily BOI limit on consecutive days until I reach the total I wanted.
I think there is an extra week in that for them to process your documents. Its not likely but they can decide that your documents don't add up and reject your application or request further proof of id.
€150 for me today.
Out of curiosity, what's your total invested in PBs? What % of gains are you averaging since they raised the interest to 1%?
How many days have passed since the last post of unsolicited financial advice? 😁
if you win, then yes 😛
Winnings on 31st May 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
Nothing today on 5K
(Last and only win was eight months ago €50 29/9/2023)
I feel your pain, I was wondering when you'd finally lose patients, we buy into the dream of winning big, a day or 2 before that big jackpot we dream big, nice feeling, then Friday arrives and it's crushing disappointment, I see you've zero wins this year, you seem to have peaked in 2013 with €600euro, then a slow decline, a brief rise in 2019 with €300.
I've had 2 wins this year €75 euro on 4th March and 29th April, I've 3 batches 10k 20k 30k and 100 bonds from 1980s, anybody stating wins, maybe state your holding, then that completes the picture.
The 500k today goes to Cork and 50k to Dublin, the Cork winner looks to be a very recent purchase, good luck to them.
Nothing here
This appeared on the site some time after 2 pm 31 May. With a link to get more information.
Customer Notice: We’re updating our Terms and Conditions effective from the 31st July 2024.
I think you got the wrong end of the stick. The "yawn" was in reaction to post #9293 on Page 310.
Nothing for me today.
I don't disclose details of my holding, ran into some unwanted attention when I did that previously. Since the rate changed to 1% on October 1st, the expected return (when the larger prizes are excluded) is between 0.75% and 0.8%. I've been slightly ahead of that with a yield of 0.875%.
Two wins in Armagh today, and both went to the same person. Their bonds also had good luck going back to October.
Draw Date Prize Value Bond Number Status
27 Oct 2023 €75.00 AWR558810 Awarded
19 Jan 2024 €75.00 AWR559030 Awarded
23 Feb 2024 €75.00 AWR560764 Awarded
31 May 2024 €75.00 AWR560065 Awarded
31 May 2024 €75.00 AWR558542 Awarded
Thank you, I understand, I realised that now, on re reading the post, silly of me lol
Another €75 today 😃
Congrats on 4 weeks. My record is 12 prizes over 9 consecutive weeks, 29th Dec 23 to 23rd Feb 24 - I'd be delighted if you better it !!
lucky ones, I normally get it once a year, twice if lucky 🍀
May count. The same 10 million bonds BGB to BGK in each of the 5 draws. Not including €1K prizes won by BGH and BGI, both on the 10th.
Friday 03. 112 wins. Highest BGI 14. Lowest BGB 7.
Friday 10. 122. BGH 15. BGG 8.
Friday 17. 116. BGB 17. BGC 7.
Friday 24. 123. BGJ 20. BGI 7.
Friday 31. 137. BGK 19. BGH 10.
Highest overall BGJ 68 (11,13,12,20,12). Lowest BGG 53 (11,8,11,11,12).
50 million bonds won 610 prizes, average per million 12.2. x 52 x €75 = €47,580. Divided by 62.5 to get what €100K would win in a year with the same luck = €761.28. Nearest to 10 x €75.
The Prize Bond Company’s Annual Report for 2023 is now available here:
https://www.statesavings.ie/media/pdf/prizebonds_annualreport_2023.pdf
Links to this and previous reports are available here:
https://www.statesavings.ie/help-support/help-articles/prize-bonds-company-corporate-information
RTE’s summary here:
https://www.rte.ie/news/business/2024/0604/1452955-prize-bonds-companys-annual-report/#:~:text=The%20company%2C%20which%20administers%20prize,2023%20was%20%E2%82%AC4.65%20billion.
And how often do you win on the prize bonds………….. ?
Irish Times take on the figures. I don't know if this will stay free or go behind their usual paywall.
https://www.irishtimes.com/business/2024/06/04/sales-of-prize-bonds-reach-489m-as-number-of-payouts-increases-31/
The key risks and uncertainties facing the future development of the Company include the performance of its subcontractors and ensuring the relevance of our product in the increasingly competitive market in which we operate. The directors have developed a range of strategies to address these and other risks faced by the Company.
The obvious strategy is to make the rate more competitive. Anything else is tinkering around the edges.
What I wouldn't give to see that "range of strategies to address these and other risks faced by the Company"
The reality is that the Directors of The Prize Bond Company have little, if any, say in the the matter. All the big decisions belong to (1) Minister for Finance who has proved how well he understands the issues and how utterly useless he is at addressing them and (2) his Department and the NTMA, who ultimately dance to his tune anyway.
once a year since 2017, twice in 2020
The Annual Report:
7.77million holders won €24,143,000 which works out at €3.11 each. That's a lot of people getting zero return.
Inflation took €290m off fund value, 12 times the return from prizes. (CPI ave 6.2%)
2400:1 the odds of winning 1 prize in 2023. That's €15k to win an average return of €77.96, or you could get zero.
May was the month when encashments exceeded sales by €2.109m. In June 2 x €50 prizes were dropped in response. Being dropping each month since. October was - €33,259m.
I did a calculation for the real world return given in €50 prizes in the first 39 draws. It comes out as 0.26186%, or €261.86 per €100K. For the €75 prizes in 13 draws it is 0.78280%, or €782.80 per €100K. This is what the scheme would have paid in interest, if they only kept the big prizes.
1% is 2.86 times the previous 0.35%. But multiplying €261.86 by 2.86 gives €748.91. So it looks like the new prize structure has given a slightly better weighting to the bottom prize category €75. Not that it matters when it has to be rounded to €750.
Looking at 10-15K investment is it worth doing? Fascinating thread, thanks for the info
If you have other investments and this is spare money then its a might as well give it a try. No better example of "Hope for the best but prepare for the worst" ;-)
Thanks is it straightforward to take it out after 1 year or 2 or is that possible?
