Tipperary residents are some of the luckiest people in the country, having won over E1.8 million with Prize Bonds last year. This is according to the Prize Bond Company’s 2011 annual report which has just been published.
Tipperary’s total winnings of E1.8 million were won by 10,403 bond holders. One Tipperary resident won the E1 million prize which is awarded on the last Friday of every month and one Tipperary resident also won the weekly top prize of E20,000.
Prize Bonds remain as popular as ever with strong sales in 2011 contributing to a 9% increase in the fund value to over E1.45 billion, the highest in the history of the Prize Bonds scheme.
In line with this growth, prizes awarded to Prize Bond holders reached a record high of E42 million in 2011, an increase of 17% on 2010. This is the highest value of prizes awarded in the 54 years the Prize Bonds scheme has been running. The number of cash prizes awarded was 385,078, up 27% on 2010.
In addition to a E1 MILLION prize awarded on the last Friday of every month there are weekly draws where the top prize is E20,000. Other weekly cash prizes include 5 at E1,000, 10 at E250 and over 8,000 at E75.
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 by Direct Debit, online at www.StateSavings.ie, by telephone to callsave 1850 30 50 60 or at your local Post Office. Prize Bond holders can check draw results online at www.StateSavings.ie. The main winning numbers are also available in most Post Offices.