What percentage interest rate is paid in prizes on Prize Bonds

It's behind a pay wall so don't know the gist of her argument but normally she would be strident about steering clear of such bad investments with terrible retu
She's saying there's more to life than investment returns, and prize bonds give a little fun to people and also enable self employed people to avoid spending the money they put aside for their tax bill. Also says that they're a good hedge as cash (somehow).

There's also a mention of them not being like wasting money on lottery tickets. But that go me thinking. She says she has hundreds of bonds. Plucking a number out of the air, 400, and taking the price of €6.25, we can assume she has €2,500 in prize bonds. Best trad bank deposit rate I can see is 2% with AIB which would produce €33.50 net interest. Our reporter is effectively spending €33.50 annually on lottery tickets from the government (you could make this figure higher by assuming a deposit with a neo bank or through raisin, or by comparing to a different type of investment). It's not going to break the bank, but people are fooling themselves if they think it's free.
 
First line of the article...
Some commentators claim that prize bonds are “not a suitable long-term investment” and offer a “poor” return to savers. I beg to disagree.
That's patently rubbish. And I say that as somebody who, as I mentioned earlier, has c. 1% of my overall net worth in Prize Bonds over a few years now...
 
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