How do Prize Bonds work?

How do Prize Bonds work?

Prize Bonds are available in units of €6.25. There is a minimum purchase of 4 units costing €25. Prize Bonds are entered into a weekly draw with prizes ranging in value. Weekly prizes range from €50 to €50,000, with a €1m prize twice a year.

Thousands of cash prizes are awarded each week. 

You can choose from two Prize Bond winnings payment options:

1. Prizes can be automatically reinvested into new Prize Bonds for inclusion in future draws.

OR

2. Prizes can be automatically paid into Bondholder's bank account on provision of bank account details.

Both options provide customers with quick and easy access to prizes.

Prize Bonds notify all Prize Bond winners by post with a new Bond Certificate for automatic reinvestment or confirmation letter for prizes paid to bank account. Prize payment method can be chosen when completing a purchase application form or alternatively by completing a Prize Payments Option Form at any time.
If one of the above options is not specified, the prize payment method will default to prizes automatically reinvested into new Prize Bonds.

Watch Video: 'Your Prize Bond winnings payment options'