Irish post office saving bonds

D

dosh

Guest
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.
 
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.
 
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 They can of course be withdrawn anytime by the holder but interest will be less.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.