Dubliner walks away with top prize of €1m in bonds draw

The organisers of the prize bonds millionaire draw have revealed that the top prize has been won by a Dublin resident.

In addition to the €1m winner, over 8,500 other prize bond holders across the country won prizes in the draw which was held on Friday.

The winning bond number for the top prize was NR 220305 and it was purchased in 2010.

Over €1.6m in total was won in the draw.

Interest

The €1m prize is awarded on the last draw of every month and replaces the normal weekly top prize of €20,000.

John Daly, the chairman of the Prize Bond Company, said: "Congratulations to our new prize bond millionaire from Dublin."

Prize bonds are an Ireland State Savings product which, rather than paying interest, offers bond holders the chance to win cash prizes every week.

All cash prizes are tax-free in Ireland, and prize bonds can be cashed in at any time after the minimum holding period of three months.

fdillon@herald.ie