What is automatic reinvestment?

Automatic reinvestment is one of two Prize Bond winnings payment options available to Prize Bond customers.

It consists of the value of a prize won being automatically reinvested in new Prize Bonds in the registered Bondholder(s) name(s), for inclusion in future draws.

The Bondholder(s) will be notified of the prize by post or online. 

How do I avail of automatic reinvestment for my Prize Bonds?

Choose a different payment option at any time by completing and returning a Prize Payment Option Form or by selecting your preferred option in Ireland State Savings Online.

How will I know if I won?

Prize Bonds notify all Prize Bond winners by post or online. You can check to see if you have won a prize online at statesavings.ie.

It is important that you keep your name and/or address up to date with Ireland State Savings to ensure you receive notification of any winnings. Click here for information on how to update your personal details with Ireland State Savings including the Change of Name and or Address form or contact us on 0818 20 50 60 / 01 705 7200.

Get timely notifications of your prizes by registering for Ireland State Savings Online where you can receive online notification of any prizes on the day of the draw and view details of any recent or previous prizes.

How will I know my winning Bond Number?

You have two options available to find out your winning Bond Number.

• Avail of the online prize checking facilities on www.statesavings.ie
  OR

• Phone us and quote the account number on the new bond certificate. We may ask additional security questions to verify your identity.

Customers registered for Ireland State Savings Online will receive an online prize win notification following the draw and can log in to view details of the prize win including the winning bond number.

Do I have to hold Prize Bonds reinvested from Prize Bond winnings for 90 days?

No, Prize Bonds that have been purchased from a prize win are not required to be held for a minimum of 90 days. These bonds are eligible for repayment to your bank account once issued.
If you wish to transfer the value of this prize to your bank account, please see 'How do I request a repayment of my Ireland State Savings products'

Do the new Prize Bonds reinvested from Prize Bond winnings count towards my maximum limit?

Prize Bond winnings that are reinvested in new Prize Bonds are exempt from Maximum Holding Limit.

If any investment brings the total product holdings in Prize Bond holdings registered in your name over the Maximum Holding Limit, you will not be allowed to make any additional purchases of Prize Bonds.

However, you may continue to invest any proceeds of Prize Bond winnings into additional Prize Bonds.

Note: Prize Bond winnings must be reinvested within 30 days of winning to qualify for this exemption.