Bonus Bonds frozen as ANZ starts wind-up

Mon, 02 Nov 2020

ANZ’s Bonus Bonds scheme has been closed for good, but investors still in the scheme may have to wait an entire year to get a full pay-out.The scheme sold $1 bonds that entitled the holder to a monthly prize draw made up of the returns from fixed interest investments the bank made with the capital.Investors were able to redeem their bonds until Saturday evening, but the scheme is now in “wind-up” and investors will have to wait for the bank to calculate and distribute remaining funds.Ben Kelleher, managing director of retail a...

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