Cashing in An Post saving Certificates

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monkey0804

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We have saved our childrens allowance in An Post 5 year saving certs since they were born (8 years ago), but need access to that money now. Some have matured and we have re-invested them in the same 5 year saving certs. Can anyone tell me if it's possible to cash them in now. I assume there will be penalties involved. Would anyone know how significant they are?

Thanks.
 
See brochure 2 on the NTMA State Savings website
http://www.statesavings.ie/Downloads/Brochure2.pdf

Page forward to the second page and the middle panel (page 3) shows the the rates of return that you will get as you cash in every six months
2. Savings Certificates 5 ½ year (17th Issue)

Your Savings Cumulative €1,000 will grow every grow 6 months as annually as​


follows:
​
TAX FREE follows: ​

.................................AER

Year ½.... 1.00% €1,010 2.01%
Year 1 .....2.10% €1,021 2.10%
Year 1½.. 3.30% €1,033 2.19%
Year 2..... 4.60% €1,046 2.27%
Year 2 ½.. 6.20% €1,062 2.44%
Year 3...... 8.00% €1,080 2.60%
Year 3 ½. 10.00% €1,100 2.76%
Year 4..... 12.20% €1,122 2.92%
Year 4 ½. 14.60% €1,146 3.07%
Year 5..... 17.50% €1,175 3.28%​



Year 5 ½.. 21.00% €1,210 3.53%​

 
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