NTMA announces new issues of State Savings products and changes to interest rates

26 March 2023 - The National Treasury Management Agency (NTMA) announces the launch of new issues of State Savings Fixed Rate, Savings Certificates, Instalment Savings and 10 Year National Solidarity Bond.

The fixed interest rates which come into effect on the new issues from Sunday 26th March 2023 are:

Fixed Term Product

Fixed Rate

Total Return

Fixed Term

Years

Annual Rate

AER 1

5 year Savings Certificates - Issue 24

5%

5

0.98%

6 year Instalment Savings - Issue 16

5.5%

6

0.98% 2

10 year National Solidarity Bond - Issue 8

16%

10

1.50%

1. AER = annual equivalent rate. The AER assumes no early encashment.

2. AER on Instalment Savings assumes an average term of 5½ year (12 equal monthly lodgements followed by a 5 year term)

All previous issues of Savings Certificates, Instalment Savings and 10 Year National Solidarity Bond are now closed. The new rates will have no effect on existing product holders. Money which has already been placed in previous issues of these products will continue to receive the fixed rates applicable when the product was purchased, for the remaining term.

For more information on State Savings click here.

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