Written Answers - State Savings Initiatives Tuesday, 2 November 2010

Dáil Éireann Debate Vol. 720 No. 3 Page of 387

  195.  Deputy Fergus O’Dowd      asked the Minister for Finance      his views on correspondence (details supplied); and if he will make a statement on the matter. [40174/10]

Minister for Finance (Deputy Brian Lenihan):    I note the helpful suggestion in the correspondence forwarded to me by the Deputy. I think it is worth pointing out that the National Treasury Management Agency (NTMA) offers a comprehensive suite of State Savings products, details of which are available on the NTMA’s website www.StateSavings.ie or by calling 1850 30 50 60.

The full range of State Savings products, which are available at post offices, includes the recently-introduced National Solidarity Bond as well as Savings Certificates, Savings Bonds, Prize Bonds, Instalment Savings and Post Office Savings Bank Deposit Accounts. These products help to fund the Exchequer and form part of the National Debt.

Instalment Savings are designed to accept regular contributions from savers along the lines suggested by the Deputy’s correspondent. In addition, it is possible to save money for investment in the National Solidarity Bond by monthly salary deduction where an employer is prepared to facilitate this.

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Last Updated: 16/03/2011 18:08:17

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