€500,000 Prize Bond win in County Clare

A County Clare holder has been paid €500,000 after the State Savings monthly Prize Bond Star Prize selected bond ZA472855. The bond was purchased in 2015 and the Star Prize was paid as part of the last weekly draw of the calendar month. That Star Prize was one element of a weekly programme that paid more than €1,226,875 across 8,867 prizes, and the same week produced a separate €50,000 top weekly prize. Draws continue on a weekly schedule with the €500,000 Star Prize recurring on the final weekly draw each calendar month.

The payout means the holder can now access €500,000 tax-free, because State Savings treats Prize Bond winnings as tax-free and bonds are cashable after a minimum holding period of three months.

State Savings said the winning bond carries the number ZA472855 and was bought in 2015. The broader weekly programme that included the Star Prize awarded more than €1,226,875 in total across 8,867 prizes. That total reflects the full mix of awards in a week that included the monthly Star Prize, alongside the routine weekly prizes.

In the same run of draws the separate top weekly prize of €50,000 went to Prize Bond number AZY285764 held in County Dublin; that bond was bought in 2022. Typical weekly distributions also include 20 prizes of €1,000 and 20 prizes of €500, which sit below the headline prizes in the prize structure.

Prize Bonds are offered by State Savings as an alternative to interest-bearing accounts. Instead of paying interest, Prize Bonds give bondholders the chance to win tax-free cash prizes in regular draws. Holders can buy Prize Bonds by Direct Debit, online at StateSavings.ie, by telephone using the callsave number listed by State Savings, or at local Post Offices.

Results of the draws are published by State Savings online and the main winning numbers are made available in most Post Offices. The organisation runs weekly draws, with the half-million euro Star Prize scheduled on the last weekly draw of each calendar month and the €50,000 top prize appearing in the intervening weekly draws.

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Draws will continue on the established weekly timetable, with the €500,000 Star Prize awarded on the final weekly draw each calendar month and the €50,000 top prize in the intervening weeks. Originally reported by clareherald.com.

This article was created with AI assistance.