Limerick Prize Bond holders win €412,000 in 2018

MORE than €400,000 in prize money was won last year by Prize Bond Holders living in Limerick, it has been revealed.

Figures released by the Prize Bond Company DAC show 7,912 prizes were won in Limerick during 2018 ensuring total winnings of €411,900.

A Prize Bonds customer can win a €1 million prize on the last draw of June and December, while a top prize of €50,000 is awarded in every other weekly draw. Prizes to the value of €1,000, €500 and €50 are awarded every week.

In the most recent draw – on April 26 – there were 171 winners in Limerick. One customer won €500 while the remainder each won €50.

During 2018 a new improved website was launched, making it easier for Prize Bond customers to find out information about Prize Bonds and make repeat purchases.

“Our new website has made repeat purchases online convenient for retail investment customers who are increasingly looking for digital platforms to view and manage their investments with State Savings. Being able to service Prize Bonds customers’ needs across a variety of channels, including the Post Office network, remains a key focus for the company in the year ahead,” said John Daly, chairman of the Prize Bond Company at the publication of its annual report for 2018.

At the end of last year, unclaimed prizes accumulated since the launch of the product in 1957 amounted to €2.74 million, which represents a small portion of the value of prizes awarded since the launch of the scheme.

Founded in 1957, the Prize Bonds draw is Ireland’s longest running prize draw.   The unit price of a Prize Bond is €6.25 with a minimum purchase of four units, at a total cost of €25. All eligible Prize Bonds enter a weekly cash draw with currently over 4,600 prizes.

Unclaimed prizes are held indefinitely until claimed by a bond holder and every prize winner is contacted at the address last registered with the Prize Bond Company.

Details of all prizes awarded can be found at www.StateSavings.ie.