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  2. Premium Bonds prize checker: When is February’s draw ... - AOL

    www.aol.com/news/premium-bonds-prize-checker...

    Each month, millions of savers are entered into a prize draw to win cash prizes ranging from £25 to £1 million, with two millionaires made at every draw. Every £1 entered has a 22,000-to-one ...

  3. Premium Bonds - Wikipedia

    en.wikipedia.org/wiki/Premium_Bonds

    The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) [ 1 ] from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are ...

  4. Prize Bond - Wikipedia

    en.wikipedia.org/wiki/Prize_Bond

    A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.

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  6. Lottery bond - Wikipedia

    en.wikipedia.org/wiki/Lottery_Bond

    The individual bonds within each issue are numbered, like ordinary bonds, but the serial numbers serve a different function from ordinary bonds. For a lottery bond the serial number is an added incentive for the purchaser to buy the bond. Although the details vary by bond and by issuer, the principle remains the same. A drawing takes place ...

  7. Savings bonds: What they are and how to cash them in - AOL

    www.aol.com/finance/savings-bonds-cash-them...

    EE bonds are guaranteed to double in value: The Treasury guarantees that an electronic EE bond issued in June 2003 or later can be redeemed for at least twice the face value in 20 years.

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  9. Lotteries by country - Wikipedia

    en.wikipedia.org/wiki/Lotteries_by_country

    For a $2.00 "donation" a player would be eligible to participate in a draw with a grand prize of $100,000. According to Drapeau, this "tax" was not a lottery for two reasons. The prizes were given out in the form of silver bars, not money, and the "competitors" chosen in a drawing would have to reply correctly to four questions about Montreal ...