State Savings Interest Rates 2023

State Savings is the name used by the National Treasury Management Agency (NTMA) to describe the savings products offered to personal savers.

Some people refer to them as An Post Savings or Post Office Savings accounts. This is because An Post acts as an agent of the NTMA in relation to the sale and administration of all State Savings products (except Prize Bonds).

Comparison of Savings Rates in Ireland

We have listed the current State Savings 2023 Interest Rates below. (New rates from Oct 1st 2023)

Interest Rates on State Savings Accounts Available Through An Post

These rates will apply to new purchases from 1st October 2023

All interest is exempt from DIRT

  • 3-year Savings Bond (Issue 17)  AER 1.32%
  • 5-year Savings Certificate (Issue 23)  AER 1.74%
  • 6 Year Instalment Savings – Issue 17 AER 1.75%

  • 10-year National Solidarity Bond (Issue 7) :  (AER 2.01%)

(AER is the Annual Equivalent Rate. The AER quoted assumes no early encashment.)

Prize Bonds

The variable rate used to calculate the monthly Prize Bond prize fund is 1% from Oct 1st 2023

Prizes Available

A top monthly prize of €500,000, in the last weekly draw of every calendar month
A top weekly prize of €50,000 in every weekly draw.
Each week there will be 20 prizes of €1,000 and 20 prizes of €500 respectively,

The remaining weekly prize fund will be awarded in €75 prizes

You can invest as little as €25 (4 Prize Bonds) up to a maximum of €250,000 (40,000 Prize Bonds) per individual. There is no minimum age limit for buying Prize Bonds.
The minimum length you can hold Prize Bonds before redeeming your investment is 90 days .

Deposit Account

The new variable interest rate, that comes into effect on 1st October 2023 for the Deposit Accounts is 0.75% (DIRT is applied)

Rates Checked Sept 2023

See how these interest rates compare with the interest rates offered by banks in Ireland.

Comparison of Savings Rates in Ireland

More Ways to Invest Money in Ireland

State Savings money forms part of the National Debt of Ireland and is under the management of the NTMA, on behalf of the Minister for Finance.
The repayment of all State Savings money is a direct, unconditional obligation of the Irish Government.

State Savings Website