What happens if I choose automatic reinvestment of my Prizes in new Prize Bonds?

What is automatic reinvestment?

Automatic reinvestment is one of two Prize Bond winnings payment options available to Prize Bond customers.
It consists of the value of a prize won being automatically reinvested in new Prize Bonds in the Bondholder(s) name, for inclusion in future draws.
The Bondholder(s) will be notified of the prize by post on receipt of the new bond certificate which will contain the value of the prize and their new bond numbers.

How do I avail of automatic reinvestment for my Prize Bonds?

Choose a different payment option at any time by completing and returning a Prize Payment Option Form or by selecting your preferred option in State Savings Online.

How will I know if I won?

If you are successful in a prize draw, you will receive your new bond certificate to your registered address.

How will I know my winning Bond Number?

If you have chosen automatic reinvestment in new Prize Bonds as your preferred prize payment option you have two options available to find out your winning Bond Number after you receive your new bond certificate in the post:

  • Avail of the online prize checking facilities on www.statesavings.ie

    OR

  • Phone us and quote the account number on the new bond certificate. We may ask additional security questions to verify your identity.

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.
In order to repay these Prize Bonds please download, complete and return the Prize Bonds Repayment Form with the bond certificate*.

*It is optional to return the original bond certificates with the form however if you are not returning the original bond certificates please complete the relevant details on the form.

Do the new Prize Bonds reinvested from Prize Bond winnings count towards my maximum limit?

Prize Bond winnings that are reinvested in new Prize Bonds are exempt from Maximum Holding Limit.

If any investment brings the total product holdings in Prize Bond holdings registered in your name over the Maximum Holding Limit, you will not be allowed to make any additional purchases of Prize Bonds.

However, you may continue to invest any proceeds of Prize Bond winnings into additional Prize Bonds.

Note: Prize Bond winnings must be reinvested within 30 days of winning to qualify for this exemption.