- Bonus Bonds are not part of the Government’s Retail Deposit Guarantee Scheme – but Standard & Poor’s gives the scheme’s assets an “AAAf” rating.
- If the fund manager’s fees and expenses were lower, there would be more money available for prizes.
- Bonus Bonds’ tax structure penalises prizewinners who have low tax rates.
Misplaced your prize?
If you’ve got Bonus Bonds but have no idea what they’re worth or whether you’ve won a prize, you can ask any ANZ branch staff to find out (take some identification). If you’ve won a prize but haven't claimed it, the prize money will have been automatically used to buy more Bonus Bonds in your name.
More information
- Bonus Bonds website: www.bonusbonds.co.nz
More from consumer.org.nz
Report by Susan Guthrie.
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