The notional interest rate which is the basis for the prizes has dropped from .5% to .35%. The prize structure changed by the elimination of the 2x€1m prizes which are replaced with 4x€250k prizes. The number of €50 prizes will drop significantly.What does this mean for Prize Bonds?
OMG Joe Duffy making this out to be an enormous scandal.The notional interest rate which is the basis for the prizes has dropped from .5% to .35%. The prize structure changed by the elimination of the 2x€1m prizes which are replaced with 4x€250k prizes. The number of €50 prizes will drop significantly.
So you weren't the caller Duke?OMG Joe Duffy making this out to be an enormous scandal.
Incredible. She wasn't claiming that most of the winners were from Dublin?Then we have a Cork lady extremely irate that when she wins they don't tell her which Prize Bond won
State Savings rates are well above sovereign bond yields.
I've always wondered why this is
I guess the justification is that the NTMA want more domestic holders of Irish sovereign debt. I think Ireland has a high percentage of foreign ownership of sovereign debt.
Prize bond winnings are tax free.Are the winnings, if any, on prize bonds taxable? As far as I remember, lotto winnings are not taxable. Just wondering.
tate Savings provide NTMA with 8.6% of its funding requirement.
You are talking about new funding rather than the existing stock. My guess is that during that period State Savings were withdrawing funding from NTMA as people like Jill Kirby talked about the measly returns compared to 14% p.a. in the bond market.Well for the second half of 2010 and all of 2011 it was 100% of NTMA funding when you exclude the EU and IMF
My main point is that I don't think funding is a major reason that we have State Savings
and indeed at the present time it is an expensive form of funding.
That's a new insight. Possibly a gap for someone to put together the KBC/AIB/BoI/PTSB multi mortgage.Indeed, but a bit like an investment strategy, diversification is good.
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