Bonus Bonds NZ

2022 - 7 - 4

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Image courtesy of "1 News"

$76 million in Bonus Bonds still unclaimed (1 News)

Bonus Bonds, a Kiwi investment institution that was introduced by the Government in 1970, is winding up. ANZ has been running the scheme since 1990, ...

Since then more than 300,000 people have redeemed their bonds, but there’s still $76 million left in the kitty. And before you get too excited, nearly two-thirds of people had less than $50 invested in the scheme, so it’s not likely to pay off the mortgage. More than $76 million is looking for a home.

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Image courtesy of "Stuff.co.nz"

ANZ makes second Bonus Bond distribution (Stuff.co.nz)

50 years after being created Bonus Bonds are to be closed down. ANZ is distributing a second round of money that had been held in its Bonus Bonds scheme. ANZ ...

ANZ announced the closure of the giant Bonus Bonds trust in August 2020. “Over 75% of remaining bondholders have $50 or less in the scheme, so they may be less motivated to claim their funds. That is why ANZ is encouraging people to think about donating their money to the Cancer Society.”

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