Niall Collins
Question:232. Deputy Niall Collins asked the Minister for Finance the historical State savings rates for the past 20 years; and if he will make a statement on the matter. [32464/23]
View answerTuesday, 4 July 2023
Questions (232)
Written answers
I am advised by the National Treasury Management Agency (NTMA) who manage State Savings, that when setting interest rates historically, the NTMA has sought to ensure that products remain competitive in the savings market generally, whilst providing good value to the Exchequer in terms of borrowing costs.
The following table outlines the Historical State Savings Rates for the past 20 years (2003-2023):
|
Product |
Date of issue |
Date of cessation |
Issue number |
Maturity Rate |
|
Savings Certificates - 5 Year |
23/12/1998 |
31/07/07 |
16 |
16.00% |
|
01/08/2007 |
15/12/12 |
17 |
21.00% |
|
|
16/12/2012 |
01/06/13 |
18 |
15.00% |
|
|
02/06/2013 |
07/12/13 |
19 |
11.00% |
|
|
08/12/2013 |
04/10/14 |
20 |
10.00% |
|
|
05/10/2014 |
04/06/16 |
21 |
7.00% |
|
|
05/06/2016 |
23/01/21 |
22 |
5.00% |
|
|
24/01/2021 |
26/03/23 |
23 |
3.00% |
|
|
27/03/2023 |
To Date |
24 |
5.00% |
|
|
Product |
Date of issue |
Date of cessation |
Issue number |
Maturity Rate |
|
Savings Bond - 3 Year |
23/12/1998 |
31/07/07 |
11 |
8.00% |
|
01/08/2007 |
15/12/12 |
12 |
10.00% |
|
|
16/12/2012 |
01/06/13 |
13 |
7.00% |
|
|
02/06/2013 |
07/12/13 |
14 |
4.00% |
|
|
08/12/2013 |
04/10/14 |
15 |
4.00% |
|
|
05/10/2014 |
04/06/16 |
16 |
2.50% |
|
|
05/06/2016 |
To Date |
17 |
1.00% |
|
|
Product |
Date of issue |
Date of cessation |
Issue number |
Maturity Rate |
|
Instalment Savings - 6 Year Term |
23/12/1998 |
31/07/07 |
8 |
15.00% |
|
01/08/2007 |
15/12/12 |
9 |
20.00% |
|
|
16/12/2012 |
01/06/13 |
10 |
17.00% |
|
|
02/06/2013 |
07/12/13 |
11 |
14.00% |
|
|
08/12/2013 |
04/10/14 |
12 |
10.00% |
|
|
05/10/2014 |
04/06/16 |
13 |
7.00% |
|
|
05/06/2016 |
23/01/21 |
14 |
5.50% |
|
|
24/01/2021 |
26/03/23 |
15 |
3.50% |
|
|
27/03/2023 |
To Date |
16 |
5.50% |
|
|
Product |
Date of issue |
Date of cessation |
Issue number |
Maturity Rate |
|
National Solidarity Bond (NSB) - 10 Year Term |
01/05/2010 |
15/12/12 |
1 |
50.00% |
|
16/12/2012 |
01/06/13 |
2 |
45.00% |
|
|
02/06/2013 |
07/12/13 |
3 |
35.00% |
|
|
08/12/2013 |
04/10/14 |
4 |
30.00% |
|
|
05/10/2014 |
04/06/16 |
5 |
25.00% |
|
|
05/06/2016 |
23/01/21 |
6 |
16.00% |
|
|
24/01/2021 |
26/03/23 |
7 |
10.00% |
|
|
27/03/2023 |
To Date |
8 |
16.00% |
|
|
Product |
Date of issue |
Date of cessation |
Issue number |
Maturity Rate |
|
National Solidarity Bond (NSB) - 4 Year Term |
31/01/2011 |
15/12/12 |
1 |
15.00% |
|
16/12/2012 |
01/06/13 |
2 |
12.00% |
|
|
02/06/2013 |
07/12/13 |
3 |
8.00% |
|
|
08/12/2013 |
04/10/14 |
4 |
6.00% |
|
|
05/10/2014 |
04/06/16 |
5 |
4.00% |
|
|
05/06/2016 |
To Date |
6 |
2.00% |
|
|
Product |
Effective Rate |
Rate Change |
Deposit Rate |
|
|
Deposit Account |
01/08/2007 |
15/12/12 |
1.00% |
|
|
16/12/2012 |
04/06/16 |
0.25% |
||
|
05/06/2016 |
23/01/21 |
0.15% |
||
|
24/01/2021 |
To Date |
0.05% |
||
|
Product |
Effective Date |
Deposit Rate |
||
|
Prize Bonds |
01/06/1999 |
2.75% |
||
|
01/09/2003 |
2.40% |
|||
|
01/08/2007 |
3.00% |
|||
|
01/12/2012 |
2.25% |
|||
|
01/05/2013 |
1.75% |
|||
|
01/12/2013 |
1.60% |
|||
|
01/11/2014 |
1.25% |
|||
|
01/06/2016 |
0.85% |
|||
|
01/07/2017 |
0.50% |
|||
|
01/01/2021 |
To Date |
0.35% |