Dáil Éireann Debate, Wednesday - 18 September 2013
220. Deputy Seán Kyne asked the Minister for Finance his concerns regarding the recent reduction in interest rate returns from the State's savings schemes will lessen the attractiveness of these products and the steps being taken to market these options to citizens. [38086/13]
View answerThe National Treasury Management Agency (NTMA) is responsible for the State Savings products which include Savings Certificates, Savings Bonds, Prize Bonds, the National Solidarity Bond and Instalment Savings, as well as the Deposit Accounts such as the Ordinary Deposit Account and the Deposit Account Plus. The NTMA keeps the suite of State Savings products and the interest rates paid on them under constant review to ensure the products remain competitive and attractive to savers, while balancing the funding requirements and financing costs of the State. The State Savings product range are marketed in all post offices and on the website, www.statesavings.ie. They remain attractive even after the recent rates reductions. Savers are continuing to avail of these savings products.
