Interest rates on Savings Accounts in Ireland have been slowly dropping over the last few years. Many instant access deposit accounts now pay a tiny 0.01% rate of interest. On a deposit of €50,000 that would make just €5 a year in interest – before tax. If you have money sitting in a savings account […]
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3-year Savings Bond (Issue 17) 1% total return (AER 0.33%) 4-year National Solidarity Bond (Issue 6) 2% total return (AER 0.5%) 5 -year Savings Certificate (Issue 22) 5% total returne (AER 0.98%) 10-year National Solidarity Bond (Issue 5) : 16% total return (AER 1.5%) (Was previously 30% when launched ) (AER is the Annual Equivalent […]
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The National Treasury Management Agency (NTMA) has today announced new issues of State Savings products with lower interest rates. The new rates will only apply to new purchases that are registered from Sunday 5 October 2014 and will have no effect on previous issues of fixed rate products. You can see the updated list of […]
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Most of the state savings products offered by the NTMA (National Treasury Management Agency) have had their interest rates reduced this week. The lower rates only apply to new purchases made from June 3rd . If you already hold Savings Bonds, Savings Certificates, Instalment Savings or National Solidarity Bonds – your interest rate will not […]
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Next week (28th March ) the Eligible Liabilities Guarantee is ending – this is the one that covers most deposits over €100,000. We wrote about the possible ending of this guarantee back in Nov 2012 The Dept of Finance said that the ELG will end for all new liabilities (deposits) from midnight on the […]
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