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).
We have listed the current State Savings 2023 Interest Rates below.
Interest Rates on State Savings Accounts Available Through An Post
- 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 23) 3% total return (AER 0.59%)
- 10-year National Solidarity Bond (Issue 7) : 10% total return (AER 0.96%)
(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 0.35% .
Each Prize Bond is in with a chance to win €250,000 four times a year and up to €50,000 in all other weekly draws.
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 .
Summary of Prize Bond Awards
| €250,000 | Awarded in the last draw in March, June, September and December |
| €50,000 | Awarded in each weekly draw other than when the €250,000 prizes are available |
| €1,000 | 10 prizes each week |
| €500 | 10 prizes each week |
| €50 | The number varies according to the total value of the fund. |
Rates Checked Jan 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.