NTMA to increase Ireland State Savings rates
- Rates across fixed term products to increase by up to 0.65% (AER)
- Variable rate on Post Office Savings Bank (POSB) deposit accounts to increase by 0.5% (AER) to 1.25%
- Prize Bond fund to increase to 1.5 times its current level, with 10,000 prizes expected to be awarded every week
Monday, 17 August 2026
The National Treasury Management Agency (NTMA) is increasing the rates that apply to new issues of Ireland State Savings fixed term products with effect from 30 August 2026.
The NTMA is also increasing the variable rate on Post Office Savings Bank (POSB) deposit accounts with effect from 30 August 2026.
The variable rate used to calculate the monthly prize fund for Prize Bonds will also increase with effect from 1 September 2026.
The rate change details are as follows:
Fixed term product changes
The rate changes for new issues of fixed term products taken out on or after 30 August 2026 are:
- 3-Year Savings Bond AER (Annual Equivalent Rate) increases by 0.64% to 1.96%
- 5-Year Savings Certificate AER increases by 0.55% to 2.29%
- 6-Year Instalment Savings AER increases by 0.58% to 2.33%*
- 10-Year National Solidarity Bond AER increases by 0.65% to 2.66%
With effect from 30 August 2026, the changes in total return for new issues of these products are as follows:
- 3-Year Savings Bond increases from 4% to 6%
- 5-Year Savings Certificate increases from 9% to 12%
- 6-Year Instalment Savings increases from 10% to 13.5%
- 10-Year National Solidarity Bond increases from 22% to 30%
Returns earned on these products are tax free.
Deposit account rate changes
The variable rate that applies to all holders of Post Office Savings Bank (POSB) deposit accounts will increase by 0.5% to 1.25% from 30 August 2026. DIRT (Deposit Interest Retention Tax) applies to interest on these deposits.
Prize Bond changes
The Prize Bond fund is being increased to 1.5 times its current level. With effect from 1 September 2026, the variable rate used to calculate the monthly prize fund is increasing from 1.00% to 1.50%. This is the variable rate that will be used to calculate the prize fund from September 2026.
The prize structure will also change as follows:
- The weekly draw will have more prizes and higher-value prizes. Based on the current level of Prize Bonds outstanding, 10,000 prizes are expected to be awarded every week.
- A top monthly prize of €500,000 remains in the last weekly draw of every calendar month.
- The top prize in every weekly draw is being doubled from €50,000 to €100,000. Each week there will be 50 prizes of €1,000, in place of the current 20 prizes of €1,000 and 20 prizes of €500.
- The remaining weekly prize fund will be awarded in €100 prizes, which is an increase on the current prize of €75.
Prize Bond winnings are tax free.
Dave McEvoy, the NTMA’s Director of Funding and Debt Management, said:
“Retail savings are an important element of the NTMA’s funding strategy providing diversification in our funding and investor base.
In setting rates on Ireland State Savings, the NTMA seeks a balance between providing customers with a safe and competitive savings option and providing long-term value to the Exchequer in terms of managing the cost of borrowing.”
Other information
As new issues of Savings Bonds, Savings Certificates, Instalment Savings and National Solidarity Bonds will be available from 30 August 2026, all previous issues of these products will close on 29 August.
The new rates in respect of the new issues of these fixed term products will not apply to previous issues of these products taken out before 30 August.
Products taken out prior to this date will continue to receive the fixed rates applicable when the relevant product was taken out.
All Ireland State Savings products are subject to Terms and Conditions. For more information visit https://www.statesavings.ie/.
How to become an Ireland State Savings customer?
Download a new customer application form from statesavings.ie or pick up a form at the Post Office. Customers can apply to purchase a savings product once they receive a State Savings Customer Number (SSCN).
How to purchase Ireland State Savings products?
Existing customer can visit statesavings.ie for a quick and easy way to purchase Fixed Term Products and Prize Bonds (please note Instalment Savings and Childcare products cannot be purchased online). Purchases can be made at any Post Office or by calling the dedicated Ireland State Savings team on 0818 20 50 60 (Mon-Fri 08.00-20.00).
* AER = annual equivalent rate. AER on Instalment Savings assumes an average term of 5½ year (12 equal monthly lodgements followed by a 5 year term).