Irish post office saving bonds

[dosh]

Can any one tell what to do with these bonds.My mother inlaw has some of these and is now going to a nursing home.My husband has General Power of Attorney.These were intended for her grand children.

 

[Horatio]

as i understand it the bonds have a fixed term, after which they are encashed. during the term of bonds you normally get an annual payout called a coupon. If I was you I would go to the post office or ring their hotline & ask about available options & the maturity of your bonds.

try anpost.ie.

 

[oldtimer]

If the saving bonds are in her name, then she is the only person entitled to them. The grandchildren have no claim on them. Saving Bonds are a 3 year term product. Have a look at the purchase date as maturity date is exactly 3 years later. They can of course be withdrawn anytime by the holder but interest will be less. If they are more than 3 years old withdraw immediately as no interest is added after the maturity date. The holder is written to and given two options (a) withdraw in full or (b) purchase a new saving bond with the money.