The National Treasury Management Agency (NTMA) has announced it is increasing the rates that apply to new issues of Ireland State Savings fixed term products with effect from 30 August.<\/p>\n
Ireland State Savings is the brand name used to describe the range of Irish Government savings products offered by the NTMA to personal savers.<\/p>\n
It offers Fixed-Term fixed-rate savings products, Prize Bonds and Deposit Accounts.<\/p>\n
The NTMA said rates across fixed term products are to increase by up to 0.65% (AER).<\/p>\n
It added that the variable rates on Post Office Savings Bank (POSB) deposit accounts are to increase by 0.5% (AER) to 1.25%<\/p>\n
While the Prize Bond fund is to increase to 1.5 times its current level, with 10,000 prizes expected to be awarded every week.<\/p>\n
The variable rate used to calculate the monthly prize fund for Prize Bonds will also increase with effect from 1 September 2026.<\/p>\n
The NTMA’s Director of Funding and Debt Management, Dave McEvoy, said: “Retail savings are an important element of the NTMA\u2019s funding strategy providing diversification in our funding and investor base.<\/p>\n
“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.”<\/p>\n
The total value of Ireland State Savings holdings was \u20ac23.9 billion at end June 2026.<\/p>\n
Welcoming today’s announcement, the T\u00e1naiste and Minister for Finance said the increase in rates will help savers and make peoples money go further.<\/p>\n
“It will also provide increased prize fund for Prize Bond holders with the variable rate used to calculate the prize fund increasing to 1.5%, while also supporting the valuable conduit that Ireland State Savings provide for the Irish State to raise funding.<\/p>\n
“The Ireland State Savings Digital Development Programme has improved accessibility and convenience for customers, complementing the traditional service provided through the post office network. “<\/p>\n","protected":false},"excerpt":{"rendered":"The National Treasury Management Agency (NTMA) has announced it is increasing the rates that apply to new issues…\n","protected":false},"author":2,"featured_media":596002,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-596001","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/596001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=596001"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/596001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/596002"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=596001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=596001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=596001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}