Written answers
Tuesday, 5 April 2011
Department of Finance
State Savings Products
3:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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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]
Michael Noonan (Limerick City, Fine Gael)
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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 invested | Number of customers | Average holding (€000) | |
10-year National Solidarity Bond | €402 million | 18,553 | €22 |
4-year National Solidarity Bond | €37 million | 1,488 | €25 |
Total | €439 million | 20,041 |
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