You can manage your Bonus Bonds at any time of day or night, from anywhere with an internet connection.
Please be aware that you will no longer be able to access MyBonusBonds to check your balance, update your contact information, or send your wind-up instructions as of November 5th. If you have any questions or need to make any adjustments to your Bonus Bonds, please contact our Bonus Bonds staff at the numbers listed below.
Bonus Bonds are still valid.
Is it still possible to cash in my Bonus Bonds? There will be no more redemption requests accepted after the wind-up has begun. The scheme’s remaining funds have been locked in to be dispersed as part of the wind-up, and distribution has already begun.
All bondholders who held Bonus Bonds after the announcement of the wind-up on October 31, 2020, and updated their bank account information will be paid out.
In December 2021, we began issuing payments of $1.10 every Bonus Bond held.
Customers who have not yet received their payment enter their bank account data, and distribution payments are made weekly on Tuesday. This will go on until the winding up is finished. Please keep in mind that overseas payments may take an extra 2-3 business days to display.
If there are any remaining money to be distributed, an additional minor payment may be provided at a later date when the wind-up is completed.
What happened to my Bonus Bonds?
ANZ said on Tuesday that it is still waiting for 804,000 bondholders to contact them with their account information. This includes those who may have received Bonus Bonds as a gift or who may have purchased Bonus Bonds in the past.
On August 26, 2020, ANZ Investment Services (NZ) Ltd announced that it would stop accepting new Bonus Bond investments after more than five decades. Low interest rates “continued to diminish the prize pool,” according to ANZ managing director retail and business banking Ben Kelleher.
ANZ NZ managing director of personal banking Ben Kelleher confirmed that bondholders who stayed in the plan through the wind-up process would be paid $1.10 per Bonus Bond.
“If there are any remaining monies to be disbursed,” Kelleher stated, “another minor payment may be made next year.”
Unclaimed funds will be sent to the Treasury, according to ANZ. A date has yet to be determined.
ANZ encourages anyone who believes they have Bonus Bonds to contact them “now or early in the New Year.”
Bondholders should contact ANZ to confirm their bank account details for monies to be paid into if they haven’t previously done so.
“We need to make sure payment is made to the account the client wants the funds sent to, even though we hold account information for several bondholders,” Kelleher explained.
ANZ said it aims to make a payment by Christmas to the 232,000 bondholders who have already given their account information.
Payments would “continue to be processed regularly, until completion of the wind-up,” according to an ANZ spokesman, for bondholders who have yet to contact them with their information.
Bondholders can speak with the team about what kind of identification is needed and what information is currently accessible, according to Kelleher.
Q6. How can persons who believe they have Bonus Bonds but no records go about getting them?
People who received Bonus Bonds as a youngster or as a present may have forgotten about them.
ANZ encourages anyone who believes they may have Bonus Bonds to contact them.
Bondholders can get further information by calling 0800 266 374 or visiting the Bonus Bonds website.
Have Bonus Bonds been distributed?
The remaining $680 million owing to investors who had their money locked up in the defunct Bonus Bonds fund for more than a year has been reimbursed by ANZ.
ANZ announced the closure of the Bonus Bonds fund in August last year, offering the largest single winding up of a fund in New Zealand history, with $3.25 billion to be returned to investors.
However, after initially planning to repay the remaining bondholders by October of this year, ANZ announced that the payment plan had been postponed.
The delays were caused by a lack of IT professionals and the necessity to invest in IT systems in order to make payments to investors, according to the report.
What are New Zealand Bonus Bonds?
Bonus Bonds was a New Zealand unit trust that was created in 1970 with a cash-based reward plan. Bonus Bonds were introduced by the New Zealand government through the Post Office Savings Bank under the Unit Trusts Act 1960, with the purpose of encouraging New Zealanders to save money.
What is the average Bonus Bond return?
Q: Should Bonus Bonds be considered a medium to long-term investment, such as three to five years?
Every month, we are given a gift. We’ve won a $5000 prize two months in a row during the last five years.
The following are the returns on our investment, according to my Quicken program: Last year’s return was 11.5 percent; the average return over the last two years was 7.1 percent; and the average return over the last five years was 6.7 percent.
Bonus Bonds pay no interest, for those who haven’t been reading this column recently. Every month, prizes ranging from $20 to $300,000 are given away.
According to the Bonus Bond Centre, the average reward return is 3.4 percent. As a result, for everyone like you who has done better, there must be someone who has done worse.
Investing in Bonus Bonds is similar to buying stock in a single company.
Many people do this, perhaps because they inherited the shares, or because they were given them as part of a demutualization or power company giveaway, or because they work for or know the company.
One distinction between single stocks and Bonus Bonds is that the more bonds you own, the less probable your returns would be extreme high or low. This is not the case when buying a single share.
Bonus Bond returns, on the other hand, are notoriously fickle. As your numbers reveal, you’ll do better in certain years than others. You might have a bad year next year.
Because most individuals prefer to know where they stand, the market for volatile products must give greater average returns or no one will buy them.
Even while Bonus Bonds aren’t taxed, their average return of 3.4 percent isn’t great for a volatile investment.
Please keep in mind that letters should not be more than 200 words. We won’t publish your identity, but if we need further information, please supply it as well as a phone number (ideally during the day).
How can I make a bond claim?
Complete a Claim for Lost, Stolen, or Destroyed United States Savings Bonds to register a claim for a savings bond that has been lost, stolen, or destroyed (FS Form 1048). Please sign the form in the presence of a certifying officer who is authorized to do so (available at a bank, trust company, or credit union).
What is the duration of Bonus Bonds?
In exchange, we ask that you invest your child’s money with us for the whole 5-year period. However, we understand that this isn’t always possible, and your child may require funds before the conclusion of the semester. So, with our Children’s Bonds, you can cash out your investment early, but there will be a penalty.
When did Bonus Bonds first become popular?
He said the ultimate amount investors will receive at the end of the wind-up would depend on the actual costs of winding up the scheme as well as any investment income produced after October 31, 2020.
Bondholders would be able to see the financial statements via email, mail, public announcements, and posting the results on the Bonus Bonds website and the NZ Companies Office Disclose Register.
Financial statements reflecting the scheme’s financial situation at the time the wind-up occurred on October 31 were required by the Financial Markets Conduct Act, according to ANZ.
Bondholders should anticipate their money back in the second half of 2021, according to Kelleher.
“In due course, we will contact customers with instructions on how to get their money,” he stated.
Kelleher stated in August that closing Bonus Bonds was in the best interests of investors.
“Low interest rates have reduced the scheme’s investment returns, affecting the size of the prize pool,” he explained.
“It’s now clear that those patterns are likely to persist in the medium run.” As the world economy grapples with the effects of Covid-19, the official cash rate, which is already at a historically low 0.25 percent, may fall further in early 2021,” Kelleher stated at the time.
Bonus Bonds NZ is owned by who?
Bonus Bonds are units in the Bonus Bonds Scheme (‘Scheme’) and are not deposits or other obligations of ANZ Bank New Zealand Limited (‘ANZ’), Australia and New Zealand Banking Group Limited (‘ANZ Group’), or their subsidiaries (the ‘ANZ Group’).