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