Article: They're Bonds, Prize Bonds. . .(FEATURES)

Byline: Linda Higgins

STUCK for an idea for an unusual gift? Prize Bonds make a thoughtful -- and potentially lucrative -- gift. Prize Bonds are a unique form of risk-free State guaranteed investment, which offer the holder the chance to win cash prizes every week.

Last month, 14,490 tax-free cash prizes were awarded - over EU1.3m in all. The number of prizes awarded so far in 2007 stands at over 37,500, with a total value of over EU3.5m.

Each individual Prize Bond is entered into a weekly draw. There are over 2,200 tax-free prizes every week, ranging from EU75 up to the top prize of EU20,000. There's also a Monthly Jackpot prize of EU150,000.

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