How long do prize bonds last

Close There has been a big increase in sales of Prize Bonds. Facebook Twitter Email Whatsapp. Facebook Twitter Email. Business Newsletter Read the leading stories from the world of business.

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A platform helping fund the type of in-depth journalism that the public wants to see. Image: Sergii Figurnyi via Shutterstock. As a result, millions of euro worth of prizes have gone unclaimed over the years. Short URL. And are bonds still worth the investment? Or maybe in Cork in ? Or in Dublin two years later?

Could you have been a pioneer of the Government-backed draws, investing in a bond in Dublin in , the year it all began? If the ticket holder dies, then the ticket gets passed on to their heirs and prizes start earning interest if they remain unclaimed for more than six months.

This failure on our part is remarkable when you consider that there are around 6, cash prizes awarded each week and we have had 20 prize bonds for 20 years. In that time there have been 6,, cash prizes awarded and not once have we got anything.

So is it worth buying prize bonds at all? A growing number of people seem to think so. Since many of our banks were exposed as being reckless with our money 18 months ago, thousands have flocked to the relative safety of the prize bond market. In fact, almost half of sales occurred in September and October of that year — a time when fears for the security of the entire Irish banking system forced the Government to offer a full State guarantee on deposits.

We contact everyone when they win a Premium Bonds prize. You never need to worry about an unclaimed prize. Just log in to view your prize history, or use our prize checker to see if you have any prizes you don't know about yet.

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