One lucky person in Galway is taking home €50,000 this week in the Prize Bonds Star Prize draw.
The lucky Galway winner took home their scoop with a prize bond purchased in 2008, bond number IL92429.
There were over 4,600 prizes awarded in this week’s Prize Bond Draw, amounting to over €298,000.
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.
Founded in 1957, the Prize Bonds draw is Ireland’s longest running prize draw. The unit price of a Prize Bond is €6.25 with a minimum purchase of four units, at a total cost of €25. All eligible Prize Bonds enter a weekly cash draw with currently over 7,000 prizes.
A €1 million prize is awarded on the last Friday of every June and December, and on top of that there are weekly draws where the top prize is €50,000. Other cash prizes awarded each week include 10 of €1,000 and 10 of €500.
These bonds make up part of the wider range of Ireland State Savings products offered to retail customers by the National Treasury Management Agency (NTMA). The scheme is operated by the Prize Bond Company on behalf of the National Treasury Management Agency (NTMA).