Michael McGrath (Cork South Central, Fianna Fail)
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Question 116: To ask the Minister for Finance if he has plans to review the interest rates available through the various State savings products in view of the April and July 2011 ECB rate increase; and if he will make a statement on the matter. [22299/11]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the National Treasury Management Agency (NTMA), who are responsible for managing the National Debt and borrowing on behalf of the Exchequer, that the rates on the State Savings products are kept under constant review. There is no proposal to change those rates at present. The Agency considers that the rates offered remain attractive and that the products offer investors a good choice of investment opportunity.