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Thread: NZ's version of premium bonds

  1. #1
    Glenda's Avatar
    Glenda is offline All Knowing Deity
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    Jan 2005
    Bay of Islands

    Default NZ's version of premium bonds

    For those who hate losing on the lotto, have with a little money about, or thinking of a gift, I have just found out that there is a NZ version of Premium Bonds - called Bonus Bonds.

    It works in the same way as Premium Bonds (buy bonds which enter a draw each month), but with lower prizes than the UK - the top three are $300,000, $100,000 and $50,000.

    Might interest someone!

    In NZ since June 2005
    Better to light a candle than to curse the darkness - Chinese proverb

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
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    Jan 2005
    currently Ras al Khaimah, UAE, ex Wales, UK
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    Default NZ's version of premium bonds

    Sounds like a good idea, Glenda, but I assume it's only available to those living in NZ. ?Perhaps I could persuade Taffy and WG to buy some bonds on our behalf. ?

    Must say I'm a bit unnerved by a clause in the Prospectus under the heading 'No Guarantee of Repayment' which says 'The Trustee does not guarantee the repayment of the Units or the payment of any earnings or prizes on the Units'. ?What's that all about? ?

    A nice little windfall would come in very handy to fund the renovations we want to do on the house. ?Something to look forward to each month although I must admit to not being very lucky in this type of thing. ?Still, one can but try. :D
    Mother Bear

    Try to bloom wherever you are planted.

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