What happened to NZ Bonus Bonds?

50 years after being created Bonus Bonds are to be closed down. Bonus Bond investors who held on to their bonds will get $1.10 for each of them, ANZ Investment Services says. ANZ announced the closure of the giant Bonus Bonds trust in August but withdrawals were suspended in October.

Can I still withdraw my bonus bonds?

You can redeem your Bonus Bonds at any time before the intended wind up and benefit from any prize draws that you may be eligible for. You don’t need to do it straight away as the scheme continues to run. If you have an active MyBonusBonds account, log in and select ‘Cash in My Bonds’ from the left hand menu.

What happens to unclaimed Bonus Bonds?

Unclaimed funds will be given to the Treasury. Treasury will manage the process for claiming funds after the scheme is wound up. ANZ is encouraging anyone who thinks they may have Bonus Bonds to get in touch now so they can get their funds as soon as possible.

How do I withdraw my bonus bonds?

Online via MyBonusBonds, or at any ANZ branch. If you have an active MyBonusBonds account, log in and select ‘Cash in My Bonds’ from the left hand menu. Otherwise, you can register for MyBonusBonds at bonusbonds.co.nz.

What happens to unclaimed bonus bonds?

How do I redeem my Bonus Bonds NZ?

❓ I’m an ANZ customer, how can I cash in my Bonus Bonds? Online via MyBonusBonds, or at any ANZ branch. If you have an active MyBonusBonds account, log in and select ‘Cash in My Bonds’ from the left hand menu. Otherwise, you can register for MyBonusBonds at bonusbonds.co.nz.

Can you lose money on bonus bonds?

Bonus Bonds are a cross between a savings scheme and a lottery. Investors put their money in a fund which does not pay any interest, in the hope of winning a cash prize. You won’t lose your money, because you can cash in your bonds at any time. But if you’re not lucky enough to win a prize, your investment won’t grow.

When does the Bonus Bonds scheme end in New Zealand?

With low interest rates continuing to reduce the Bonus Bonds prize pool, the Bonus Bonds scheme closed to new investment on 25 August 2020 and ANZ Investment Services New Zealand Limited (ANZIS) announced the intention to begin winding up the Scheme no later than the end of October 2020.

Who is the manager of ANZ Bonus Bonds?

A Bonus Bond remains eligible to win prizes in every monthly draw until you cash it in. ANZ Investment Services (New Zealand) Limited is the manager and issuer of the Bonus Bonds Scheme. Trustees Executors Limited is the supervisor and custodian. Investments in Bonus Bonds are subject to investment risk.

When is the anzis Bonus Bonds scheme winding up?

With low interest rates continuing to reduce the Bonus Bonds prize pool, the Bonus Bonds scheme was closed to new investment on 25 August 2020 and an announcement was made that ANZIS intended to begin winding up the scheme no later than the end of October 2020.

What happens to Bonus Bonds in a wind up?

In a wind-up situation, no Bonus Bonds can be purchased or redeemed and we will return funds to bondholders as they become available. There will no longer be a monthly prize draw. You are not able to cash in your Bonus Bonds, instead you will receive one or more distributions from the Scheme during the wind-up process.