Lucky Galway winner nabs €50,000 in Prize Bonds draw

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A very lucky person in Galway will be having a great weekend after winning the €50,000 Prize Bonds Star Prize in the weekly draw.

Prize Bonds are a State Savings product which, instead of paying interest, offers bond holders the chance to win cash prizes every week.

There were over 5,100 prizes awarded in this week’s Prize Bond Draw, amounting to over €319,000.

Our grand winner in Galway came out on top with a bond purchased in 2002, bond number DJ 931052.

On top of the weekly draws with a grand prize of €50,000 up for grabs, two special draws a year are held on the last Friday of June and December.

In each of those, bond holders are in with the chance to take home a €1 million prize.

Other cash prizes awarded each week in the Friday draws include 10 prizes of €1,000 and 10 of €500.

All winnings are tax-free, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.

Founded in 1957, the Prize Bonds draw is Ireland’s longest running prize draw. Each bond costs €6.25 with a four bond minimum purchase.

They make up part of the range of Ireland State Savings products offered to retail customers by the National Treasury Management Agency.

The scheme is operated on behalf of the NTMA by the Prize Bond Company, a joint venture between An Post and FEXCO.

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.