Some long-term investments really do work, it has been shown this week, with the news that a a lucky Prize Bond holder from County Mayo who bought the ticket 20 years ago, has just won the weekly Prize Bond Star Prize of €20,000.
The winning bond number for those who may be grappling through their records was AN 692346 and it was purchased in 1990. More than 6,000 prizes were awarded in the week’s Prize Bonds draw, amounting to a total of €498,125.
In addition to the €1 million prize awarded on the last Friday of every month there are weekly draws where the top prize is €20,000. Other weekly cash prizes include five at €1,000, 10 at €250, and some 4,000 at €75.
Prize Bonds are a State savings product which, instead of paying interest, offers bond holders the chance to win cash prizes every week. All winnings are tax-free, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.
Prize Bonds can be purchased at Post Offices, online at www.prizebonds.ie, or CallSave 1850 67 1000.