There will be fewer Prize Bond millionaires from next month – following a decision to reduce the number of top prizes. The change will see the €1m prize being paid out only four times a year to those who having winning prize bonds. This is down from six top prizes a year.
And the range of interest rates on State Saving schemes sold by An Post have also been radically reduced. The move is part of a wide-ranging slashing of interest rates on State Saving schemes, many of which are tax free.
Read Charlie Weston’s article in Irish Independent http://www.independent.ie/irish-news/prize-bond-awards-slashed-along-with-state-savings-interest-rates-34775231.html