The brochures on the State Savings website provide most of the information requested.
The brochures on the State Savings website provide most of the information requested.
NTMA State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of savings products offered by the NTMA to personal savers.
The NTMA offers a range of fixed term deposit accounts with terms from overnight to 10 years and also offer Prize Bonds. The list of products includes 3 year Savings Bonds, 4 year National Solidarity Bond, 5 ½ year Savings Certificates, 6 year Instalment Savings, 10 year National Solidarity Bond, Ordinary Deposit Account and Deposit Account Plus.
An Post and the Prize Bond Company are agents of the NTMA for the operation of the State Savings™ schemes.
However, neither An Post nor the Prize Bond Company retain or manage any State Savings™ money. All State Savings™ money is under the management of the National Treasury Management Agency.
The repayment of State Savings money is a direct, unconditional obligation of the Government, there is no upper limit on the amount of money that is protected and there is no expiry or end date for this protection.
The post office simply provide a counter service to collect savings money on behalf of the Government and the post office immediately, every day, hand all savings money over to the Government under the management of the National Treasury Management Agency
For this reason the published annual accounts of the post office (An Post) do not provide any statistics on any savings products because none form any part of the financial statements of An Post. All NTMA State Savings products including Prize Bonds are accounted for only in the annual accounts of the National Treasury Management Agency (NTMA) and are identified as being part of the national debt or sovereign debt of Ireland.