Written answers

Tuesday, 5 April 2011

Department of Finance

State Savings Products

3:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 90: To ask the Minister for Finance if he will provide details of the amount of money invested to date in the national solidarity bond, both the four-year and ten-year bond; the number of persons that made investments; and if he will make a statement on the matter. [6591/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The 10-year National Solidarity Bond was launched 11 months ago on 1 May 2010 and the 4-year Bond was launched 2 months ago on 1 February 2011. The Solidarity Bonds are part of the range of State Savings products offered by the National Treasury Management Agency (NTMA) to personal savers. I understand from the NTMA that the uptake on both bonds has been strong and that the total amount being saved in the two products as of 1 April was €439 million, as set out in the table.

Amount investedNumber of customersAverage holding (€000)
10-year National Solidarity Bond€402 million18,553€22
4-year National Solidarity Bond€37 million1,488€25
Total€439 million20,041

Comments

No comments

Log in or join to post a public comment.