Dáil Éireann Debate, Tuesday - 5 April 2011
88 Deputy Michael McGrath asked the Minister for Finance if he will confirm the overall amount of money currently managed by the National Treasury Management Agency through the various State savings products; if he will provide a breakdown of the overall amount by the type of product, savings bonds, savings certificates, national solidarity bond and so on; the way the money is managed; and if he will make a statement on the matter. [6589/11]
View answerState Savings is the brand name used by the National Treasury Management Agency (NTMA) for the range of savings products offered by the NTMA to personal savers. I understand from the NTMA that, at end-March 2011, the amount being saved in State Savings products was €13.4 billion. This is held in the various savings products as set out in the table.
|
€ million |
|
|
Prize Bonds |
1,392 |
|
3-year Savings Bond |
4,548 |
|
4-year National Solidarity Bond |
37 |
|
5½-year Savings Certificate |
4,114 |
|
10-year National Solidarity Bond |
402 |
|
Instalment Savings |
474 |
|
Deposit Accounts |
2,455 |
|
Total |
13,422 |
In relation to the Deputy's query about the management of the money in State Savings, the proceeds are used to fund the Exchequer and form part of the National Debt.
