Oireachtas Joint and Select Committees
Wednesday, 27 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage (Resumed)
10:10 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The timescale concerned is only three years. There will be people who are able to leave a proportion of money on deposit for three years. The timescale in respect of the An Post product is three years and for Childcare Plus is five years at an interest of 14% tax free and for the Instalment Savings Plan is five years, with, again, a 14% interest rate tax free. There products are more attractive than the others.
The Minister mentioned that the rate for the national solidarity bonds is to be changed. I presume the interest rate on that product will decrease. Am I correct that no change in respect of the other products is anticipated at this point in time?
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