What is the update to the Prize Bond certificate?

What is the update to the Prize Bond certificate? 

From September 2022 onwards, Prize Bonds are issued on an updated bond certificates for all Prize Bond purchases, including gift purchases. The certificate has been updated to A4 format and is printed on recycled paper. The new version certificate contains the same information as the original bond certificate including Bond Numbers and investment value.

FAQs

What does the new Prize Bond certificate look like? 

The new version Prize Bond certificate is an A4 certificate printed on recycled paper. The Prize Bond details (Bond Range, investment value & date) are now displayed in the middle of the certificate.

Why has the design of the Prize Bond certificate changed? 

The Prize Bond company has opted to update the bond certificate to an A4 format to enhance the display of investment details and have chosen to use recycled paper for all certificates. 

How will this change affect my Prize Bond holding? 

This change will not impact your existing Prize Bond holdings and associated bond certificates. As of September 2022, it will be optional to return bond certificates when requesting repayment or transfer. If not returning certificates with a repayment/transfer request, simply quote the relevant bond numbers on the form. 

What do I do with the new Prize Bond certificate? 

You can retain the Prize Bond certificate for reference of your Prize Bond numbers. It will be optional to return bond certificates when requesting repayment or transfer.

Why is it now optional to return Prize Bond certificates with Repayment/Transfer requests?  

This is a step towards simplifying managing Prize Bond investments as it will be optional to enclose Prize Bond certificates with future transactions. When transacting through State Savings Online, you do not need to return the bond certificates.

When will the new Prize Bond certificates be issued?

The new version Prize Bond certificates will be issued from September 2022 onwards.

How do I cash in my Prize Bonds using the new Prize Bond certificates? 

Prize Bonds can be cashed in at any time after an initial holding period of 90 days and transferred directly to your Bank Account.  Simply complete a repayment form available here or at any Post Office and send it with the Prize Bond certificate* and a copy of a bank statement verifying the account name(s) and IBAN to: State Savings, Prize Bonds, Fexco Centre, Killorglin, FREEPOST, Co. Kerry, V93 WN9T.

*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. 

Alternatively, if you are a registered State Savings Online customer, you may cash in your Prize Bonds through State Savings Online.

Can Prize Bond certificates be replaced if misplaced? 

If you have lost your Prize Bond certificate and wish to retrieve details of the Prize Bonds numbers  please write to: State Savings, Prize Bonds, Fexco Centre, Killorglin, FREEPOST, Co. Kerry, V93 WN9T. Please list any variations on names and addresses including any previous addresses that may be relevant.  

We will issue a response letter containing your Prize Bond numbers to your registered address. As it is optional to return Prize Bond certificates for repayments/transfers, it will not be necessary to issue a replacement certificate. Simply provide details of the Prize Bond on the repayment/transfer form.

If you are a registered State Savings Online customer, you may sign in and obtain your Prize Bond numbers from your holdings view.