The National Treasury Management Agency has announced tonight that it plans to reduce the monthly jackpot of €1m to a two-monthly payout.
Prize Bond monthly
At the end of last year it stated that the top prize would remain untouched although the overall prize fund would be reduced.
It's all down to the lower cost of our borrowings you see, which is good news??
Lower borrowing costs to hit Prize Bonds | Irish Examiner
Amount paid out in prize bonds to be reduced - Irish News, World News & More | The Irish Times - Tue, Dec 18, 2012
How long before the Government decides to seize the funds altogether?
After all, you're not using the money, therefore you don't need it....
Is it time to redeem those Prize Bonds that Granny bought for your Confirmation, etc., which, if they're anything like mine, probably seemed to be stuck to the bottom of the barrel anyway?
Have you ever had a win?
(Note timing of this announcement: Sunday Night News on Bank Holiday weekend)