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Tip of the week: Prize bonds

Do you know you have a 3.7-to-1 chance on winning with Prize Bonds -- immeasurably better than the Lotto.

The great thing about them is that you never lose your stake. You can also cash them in at any time and once bought (minimum €25, each bond costs €6.25, available from Post Offices or online) you are immediately included for weekly prize draws.

Prizes range from €75 to €20,000 weekly and once a month, a whopping €1,000,000 goes to a lucky Prize Bond holder.

They should be part of everyone's investment portfolio and make great gifts.