Ok I have about 10k in prizebonds and have win 150 euro since december. my fixed rate with BOI is up in a few months and cant decide whether to knock about 5 grand of the mortgage or keep the money in prizebonds to see do i get a decent win..I know im being a bit of a dreamer but prizebonds are fun like the lotto i just dont lose my investment..if i was to knock 5 grand of the mortgage that would knock about 11 grand of in interest which is great..I m considering fixing for three years so should i knock the 5 grand of this year or wait another few years to knock of
that would be reckless the good thing about prizebonds is that you put yourself in a position to win a cash prize no matter how small its better than sitting in a current account and you can cash them with 7 days notice
I can't figure if this is some kind of joke post? You can knock 11k off in interest by paying 10k off your mortgage then do it , keep one prize bond if you want to have that one bit of hope every week , you have such a small % of the prize bond pool that holding 1 or 10k worth won't make much odds.