Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Cathal McNaughton/PA Archive/Press Association Images

NTMA launches State Savings products

The National Treasury Management Agency has announced new issues of fixed rate State Savings products as well as changes to the interest rates on variable rate products.

THE NATIONAL TREASURY Management Agency (NTMA) has today announced new issues of fixed rate State Savings products and changes to the interest rates on its variable rate products.

The new issues of the NTMA’s fixed rate products include:

  • 3-year Savings Bond (Issue 14) offering a 4 per cent fixed-rate total return (AER 1.32 per cent)
  • 4-year National Solidarity Bond (Issue 3) offering an 8 per cent fixed-rate total return (AER 1.94 per cent)
  • 5-year Savings Certificate (Issue 19) offering an 11 per cent fixed-rate total return (AER 2.11 per cent)
  • 6-year Instalment Savings (Issue 11) offering a 14 per cent fixed-rate total return (AER 2.41 per cent)
  • 10-year National Solidarity Bond (Issue 3) offering a 35 per cent fixed-rate total return (AER 3.05 per cent)

The NTMA announced changes to variable rate products, which will have an affect on all existing Prize Bonds as well as the 30-day notice Deposit Account Plus.

The rate reductions will only affect new purchases made from today and will have no affect on the existing holders of Savings Bonds, Saving Certificates, Instalment Savings or National Solidarity Bonds – all of which have fixed interest rates.

Changes

The top prize structure for Prize Bonds is changing, with the previous €1 million prize offered each month being scrapped in favour of a €1 million prize in the last weekly draw of each second month, ie February, April, June, August, October and December. The Prize Bonds fund rate will be changed to 1.75 per cent from today.

Meanwhile, the variable interest rate on the 30-day notice Deposit Account Plus is also being altered, and will now pay a variable rate of 0.5 per cent AER subject to the prevailing rate of Deposit Interest Retention Tax (DIRT) (currently 33 per cent).

There will be no change to the Ordinary Deposit Account.

“The new rates reflect the reductions in interest rates in the savings market and in Sovereign bond yields generally,” an NTMA spokesperson said today.

Read: NTMA and NAMA staff will lose exemption from new public pay cuts
Read: €500m worth of T-Bills sold at auction
Read: Another €500m of T-Bills for sale this week

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
23 Comments
    Install the app to use these features.
    Mute Gerry with a J
    Favourite Gerry with a J
    Report
    Oct 11th 2016, 9:46 PM

    “People are weary of old school politics which has led to years of austerity, unfair cuts and disillusionment.” Zappone, about a week before she voted for Enda Kenny.

    125
    Install the app to use these features.
    Mute Dave cullen
    Favourite Dave cullen
    Report
    Oct 11th 2016, 10:38 PM

    Zappone would sell her moth to stay on that ego trip,if I were her I’d invest in a sat nav if there was any cash left over.

    66
    Install the app to use these features.
    Mute O-'Seán
    Favourite O-'Seán
    Report
    Oct 12th 2016, 3:53 AM

    @Gerry with a J: It was actually such a spittin in the face

    11
    See 1 more reply ▾
    Install the app to use these features.
    Mute Gus Sheridan
    Favourite Gus Sheridan
    Report
    Oct 12th 2016, 8:15 AM

    Zappone, a textbook example of a self serving MeFeiner, untrustworthy.

    12
    Install the app to use these features.
    Mute Dj
    Favourite Dj
    Report
    Oct 11th 2016, 9:34 PM

    Why is my younger sister in England, my 3 brothers in Australia.?

    121
    Install the app to use these features.
    Mute lavbeer
    Favourite lavbeer
    Report
    Oct 11th 2016, 11:45 PM

    Better life?

    13
    Install the app to use these features.
    Mute Gus Sheridan
    Favourite Gus Sheridan
    Report
    Oct 12th 2016, 8:16 AM

    Wont ever come back, such a shame the country is being run into the ground.

    6
    Install the app to use these features.
    Mute Kerry Blake
    Favourite Kerry Blake
    Report
    Oct 11th 2016, 9:33 PM

    Straight forward question TD’s get €6000 today pensioners and those on other benefits get €5 in March. Why?

    116
    Install the app to use these features.
    Mute Dave Murray
    Favourite Dave Murray
    Report
    Oct 11th 2016, 9:42 PM

    @Kerry Blake: Now that’s a question that probably won’t be answered.

    82
    Install the app to use these features.
    Mute Kerry Blake
    Favourite Kerry Blake
    Report
    Oct 11th 2016, 9:45 PM

    @Dave Murray: I live in hope Dave…

    43
    See 3 more replies ▾
    Install the app to use these features.
    Mute Tony Hartigan
    Favourite Tony Hartigan
    Report
    Oct 11th 2016, 10:29 PM

    And ministers have awarded themselves € 11000 a year increase.

    50
    Install the app to use these features.
    Mute Greg Blake
    Favourite Greg Blake
    Report
    Oct 11th 2016, 10:49 PM

    7pm tomorrow, why don’t we all not comment or engage with the ‘show’. Watch the tumbleweeds blow by. That would be funny. Of course their little keyboard pals would ruin it, wouldn’t they?

    36
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 11th 2016, 11:26 PM

    €5 will get an elderly person a meal for one .. next March . Comparing this to the 6k they got and it’s just sickening. …

    26
    Install the app to use these features.
    Mute Neil Blair
    Favourite Neil Blair
    Report
    Oct 11th 2016, 9:32 PM

    I have 2 children, they are in crèche 3 days a week. It costs 8 euro a month less than the mortgage. Why couldn’t you make childcare tax deductible or available as a benefit in kind from your employer with some form of tax break there?

    97
    Install the app to use these features.
    Mute Dj
    Favourite Dj
    Report
    Oct 11th 2016, 9:53 PM

    They couldn’t give a toss. They’re going to be answering questions about their favorite GAA team and what’s best for the environment..Childcare??? Blaaaa

    61
    Install the app to use these features.
    Mute Turk Oneeighttwo
    Favourite Turk Oneeighttwo
    Report
    Oct 11th 2016, 10:39 PM

    @Neil..They’re your own children, stop bloody moaning and whinging and look after them, why do you want the taxes of others to look after them…? Jog on FFS

    18
    See 3 more replies ▾
    Install the app to use these features.
    Mute Neil Blair
    Favourite Neil Blair
    Report
    Oct 11th 2016, 10:58 PM

    @Turk Oneeighttwo: I’d like my own taxes to look after them, thanks.

    34
    Install the app to use these features.
    Mute Alien8
    Favourite Alien8
    Report
    Oct 11th 2016, 11:19 PM

    i think Turk has a point, your own taxes don’t cover it so you are looking for others to subsidise it, it might be time to see if it’s more beneficial to you and your kids to stay at home.

    8
    Install the app to use these features.
    Mute Neil Blair
    Favourite Neil Blair
    Report
    Oct 12th 2016, 7:01 AM

    We’ve looked at it, it’s marginally better financially to be working but its a fairly close thing.

    3
    Install the app to use these features.
    Mute Paul
    Favourite Paul
    Report
    Oct 11th 2016, 9:24 PM

    Why does it make more sense to be on the jobseekers than in work?

    73
    Install the app to use these features.
    Mute Petr Tarasov
    Favourite Petr Tarasov
    Report
    Oct 11th 2016, 9:39 PM

    @Paul: That’s an easy one. It doesn’t.

    27
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 11th 2016, 9:53 PM

    Petr. . Someone on social versus someone on minimum wages .. you go work it out and get back to us .. bear in in mind now all the extra benefits that come with being on the social ..

    32
    See 11 more replies ▾
    Install the app to use these features.
    Mute Petr Tarasov
    Favourite Petr Tarasov
    Report
    Oct 11th 2016, 9:56 PM

    @Suzie Sunshine: That’s a very vague comments. You’re making a claim here, so it’s very simple. Lay out the figures. Compare a 40 hour week on minimum wage with a week on JSA with these mysterious “extra benefits”. If you’re right, the numbers will speak for themselves and I’ll be proved wrong.

    Over to you!

    10
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 11th 2016, 10:14 PM

    You’re making the claim that it doesn’t .. how does it not ?

    15
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 11th 2016, 10:40 PM

    Dj .. he has his head in the clouds …

    7
    Install the app to use these features.
    Mute Greg Blake
    Favourite Greg Blake
    Report
    Oct 11th 2016, 10:43 PM

    I’d go with Suzie on this one, time for a factcheck. Is a minimum wage job overall worth less than than being on the dole? Let’s take is as 2 school going kids and the parents. I’d bet the dole with all the extra allowances and forbearances win out big time.

    21
    Install the app to use these features.
    Mute Petr Tarasov
    Favourite Petr Tarasov
    Report
    Oct 11th 2016, 10:53 PM

    Suzie got busted! :)

    5
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 11th 2016, 11:05 PM

    Lol I didn’t at all . You seriously can’t be that naive. …. but then again ….

    14
    Install the app to use these features.
    Mute Rochelle
    Favourite Rochelle
    Report
    Oct 11th 2016, 11:37 PM

    It applies also to part time work as well not just a 40 hour job, when first out of college I had a part time job for €220 a week for 20 hours and was told I was entitled to absolutely nothing from social welfare because I was earning too much. Considering travel costs I was less well off than I would have been if I just did absolutely nothing, it doesn’t seem like a fair system which rewards those who seek employment.

    15
    Install the app to use these features.
    Mute Petr Tarasov
    Favourite Petr Tarasov
    Report
    Oct 12th 2016, 8:43 AM

    “Lol I didn’t at all . You seriously can’t be that naive”

    It would take a Junior Cert pass maths student about half a minute to prove me wrong. But for some reason you’re reluctant. I wonder why.

    2
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 12th 2016, 10:57 AM

    Naive it is so…

    1
    Install the app to use these features.
    Mute Petr Tarasov
    Favourite Petr Tarasov
    Report
    Oct 12th 2016, 6:50 PM

    @Suzie Sunshine: Making claims and then running away when asked to substantiate them it is so…

    1
    Install the app to use these features.
    Mute Suzie Sunshine
    Favourite Suzie Sunshine
    Report
    Oct 12th 2016, 8:04 PM

    Petr. Eh that’s exactly what you did … you claimed that it didn’t … you don’t need to spell it out for you unless that is you’re still in school and not living in the real world yet …

    1
    Install the app to use these features.
    Mute Daniel Fontaine
    Favourite Daniel Fontaine
    Report
    Oct 11th 2016, 10:03 PM

    How far is it from Blessington to Dail Eireann?

    55
    Install the app to use these features.
    Mute Coles
    Favourite Coles
    Report
    Oct 11th 2016, 10:15 PM

    Zappone lives in Brittas, Co. Dublin, 22km from Dail Eireann, not the 25km she claimed for her expenses, an apparent deliverate falsehood that will cost taxpayers an additional more than €80,000 over 5 years.

    http://cf.broadsheet.ie/wp-content/uploads/2016/04/st-4.jpg

    We wanted a new way of doing politics. This isn’t it.

    82
    Install the app to use these features.
    Mute Keith Boland
    Favourite Keith Boland
    Report
    Oct 11th 2016, 9:58 PM

    Convey jog on useless & zapponi go back to where you came . Budget no difference to any 1 it’s an insult

    48
    Install the app to use these features.
    Mute William Clay
    Favourite William Clay
    Report
    Oct 11th 2016, 10:09 PM

    Like they’ll take any real questions from the electorate! All questions will be screened and approved in advance with non answers given

    41
    Install the app to use these features.
    Mute Patrick Gough
    Favourite Patrick Gough
    Report
    Oct 11th 2016, 9:46 PM

    The solution. The government should start training child care workers in the abandoned dit colleges. then open state run crèches around the country like the swedish system. It would help solve 2 problems the crèche costs and the unemployment problem

    39
    Install the app to use these features.
    Mute Neil Blair
    Favourite Neil Blair
    Report
    Oct 11th 2016, 9:53 PM

    @Patrick Gough: Enough of your common sense, that’s not welcome in these parts…

    30
    Install the app to use these features.
    Mute Alien8
    Favourite Alien8
    Report
    Oct 11th 2016, 11:17 PM

    Katherine, i voted for you on a promise to be an independent change (and to push for a repeal of the 8th). You have let me and thousands others down who don’t see a difference between you and the FG councillor who you beat in the election. I will not be voting for you ever again after propping up a minority government, and implementing the same policies that continue to treat those who voted for you like a cash cow. Why did i get you so wrong?

    24
    Install the app to use these features.
    Mute David Mac Shite
    Favourite David Mac Shite
    Report
    Oct 11th 2016, 11:59 PM

    @Alien8: In fairness…..
    You’re wrong a lot here.

    5
    Install the app to use these features.
    Mute ed w
    Favourite ed w
    Report
    Oct 11th 2016, 10:58 PM

    153 euro increase from the usc rate. 38% increase in my car insurance. Still paying 600 plus tax on my 11 year old car. Any fairness there?

    23
    Install the app to use these features.
    Mute emily davison
    Favourite emily davison
    Report
    Oct 12th 2016, 5:05 AM

    Blame the greens for that situation

    10
    Install the app to use these features.
    Mute ed w
    Favourite ed w
    Report
    Oct 12th 2016, 7:39 AM

    I know couldn’t vote for them again because of it

    5
    Install the app to use these features.
    Mute Anton Good
    Favourite Anton Good
    Report
    Oct 11th 2016, 9:46 PM

    I would like to ask minister zapone is she in favour of abortion on demand in the Republic of Ireland ?

    22
    Install the app to use these features.
    Mute John Burke
    Favourite John Burke
    Report
    Oct 11th 2016, 10:34 PM

    This child care cr ap is obviously social engineering and is unfair to parents who do not want their children in care. Parents know what is best for kids not the flippin government. or agenda heads like Zapone.

    22
    Install the app to use these features.
    Mute Bob McShane
    Favourite Bob McShane
    Report
    Oct 11th 2016, 10:02 PM

    What objections does the minister for children have to lowering the age of criminal responsibility, to say, 15?

    19
    Install the app to use these features.
    Mute Charlie Fogarty
    Favourite Charlie Fogarty
    Report
    Oct 11th 2016, 9:44 PM

    Do you believe a government big enough to give you everything you want is a government big enough to take from you everything you have?

    16
    Install the app to use these features.
    Mute Stephen Maher
    Favourite Stephen Maher
    Report
    Oct 12th 2016, 12:34 AM

    Genuine question,

    Minister Zapone and minister Covney

    Do you think it is fair for a former minister and Tanaiste to have a child child in court on false imprisonment charges.
    The boy is from Minister Zapone’s constituency.

    Thanks

    Stephen.

    15
    Install the app to use these features.
    Mute Tony Hartigan
    Favourite Tony Hartigan
    Report
    Oct 11th 2016, 10:26 PM

    Finnart Fail have abondoned the elderly

    13
    Install the app to use these features.
    Mute David Dickenson
    Favourite David Dickenson
    Report
    Oct 11th 2016, 11:33 PM

    Will there be any help for people who want to build their first home?

    8
    Install the app to use these features.
    Mute emily davison
    Favourite emily davison
    Report
    Oct 12th 2016, 5:08 AM

    What would Zappone do to help the hundreds of thousands of men being physically abused by their wives and partners? Their plight so completely ignored by society

    7
    Install the app to use these features.
    Mute sparky
    Favourite sparky
    Report
    Oct 12th 2016, 1:11 AM

    Do you agree with Hillary Clintons statement “politicans should hold a different private and public opinion ” and don’t start with I “THINK”.

    6
    Install the app to use these features.
    Mute OCallaghan TP
    Favourite OCallaghan TP
    Report
    Oct 12th 2016, 6:52 PM

    That convey is a sly worm. ..

    1
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.