Celebrations after lucky Prize Bond owner scoops €500,000 in weekly draw
One lucky punter from Co Cork is celebrating a huge cash windfall after winning this week's top prize in the Prize Bond Draw.
Ireland State Savings, which runs the draws, confirmed today that this month's top prize of €500,000 is going to Prize Bond number WQ533371, held in The Rebel County. The lucky bond was purchased back in 2014.
There were a total of 8,835 prizes awarded in this week's Prize Bond Draw, amounting to a total of over €1,239,475 in prizes.
Prize Bonds are a State Savings product which, instead of paying interest, offers bondholders the chance to win cash prizes every week.
In addition to a €500,000 prize awarded on the last weekly draw of every calendar month, there are weekly draws where the top prize is €50,000. Other cash prizes awarded each week include 20 of €1,000 and 20 of €500.
Founded in 1957, the Prize Bonds draw,which is held every Friday, is Ireland's longest running prize draw.
Prize Bonds are available in units of €6.25. There is a minimum purchase of €25 (4 units) and a maximum of 250,000 (40,000 units). They can be purchased by Direct Debit, online at www.StateSavings.ie, by telephone to call save 0818 20 50 60 or at the local Post Office.
Prize Bonds are entered into a weekly draw with thousands of prizes ranging in value from €75 to €50,000, with a jackpot prize valued at €500,000 awarded in the last draw every month.
All winnings are tax-free, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.
Prize Bond holders can check draw results online at StateSavings.ie. The main winning numbers are also available in most Post Offices.
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