Apologies - I was answering this question.... "if one was to buy 5k worth of prize bonds today, will they be still worth 5k in 10 years time"
The face value of the bonds remain. Buy €5k now - in 10 years time you cash them in, you'll get €5k. Of course the value of €5k will have reduced over time due to inflation. But in absolute cash terms, they don't depreciate
Apologies if this question has already been answered.
I'm saving a rainy day fund and then savings for other purposed over a couple of years with regular monthly savings, but I may need the money back at short-ish notice as I'm self-employed and work could dry up. So rather than put it in our 0% savings account or open a 0.25% (pre-DIRT) regular savings account, it may as well go in prize bonds.
If I need to show evidence to a bank of regular saving for a mortgage (currently have a mortgage but may want to "trade up" in a couple of years), will the bank care that it's gone into prize bonds?
I tried last week online to purchase Prize Bonds (already own some) and just a few minutes ago. On both attempts I got my one-time Passcode for Verified by Visa and entered it. I waited a few minutes and then "Technical error" came up on my screen. I'm using Google Chrome. Anyone else try lately and have issues?
I got something similar, went to the end of the process and when I pressed Exit it said error of some sor. I rang them as I tried it twice and both looked perfect until the very end, anyway they said the purchases are actually on the system and they will get around to processing them basically. I did those last Friday and the money has still not come out of my account and no confirmation email either, I expected it to be quicker like most online purchases.
I will wait and see if it actually does work as intended, I have no other option for buying them, I actually got the debit card specially for this reason, they don't accept bank transfers and even if I wanted to pay €10 (I think that is cost now) for a draft my bank won't issue one payable to An Post!
Pretty standard. A bank draft made payable to another financial institution basically becomes a bearer instrument. Anyone can use it. So for both security and anti money laundering purposes, you can't get one.
Yes, I'm probably just having a bit of luck. I'm presently using the bonds as a temporary parking place for funds as I don't feel particulary confident using any other investment strategy at the moment.