An Post Saving Certs

Uncle Mclovin

Does anyone have a link to a list of all the schemes that were historically offered by An Post.


My father has a cert from 1984 when he invested £2,000. This was scheme 10. It was a 20 years and 6 months investment. The accumulated interest rate was 327.10% The final value came to €10,846.12.


327.10% - is that not the most ridiculous rate you've ever heard. I'd just like to see when they realised how ridiculously high this rate was. I think it's currently at 21% for 5 years and 50% for 10 years.

coylemj

If he invested 2,000 over twenty years and six months and got back 10,846.12 then the return was 442% (8,846 dividend on an investment of 2,000) which equates to an annual compound rate of return of 8.6% which is pretty good by any standards.

Why are you complaining about how 'ridiculously high this rate was?' - would you prefer he got a lower rate?

The current rates you're quoting equate to 3.89% p.a. on the 5 year 21% offer and 4.14% p.a. on the 10 year 50% option.

Uncle Mclovin

It was £2,000 Irish Pounds. €2,539 Euro.


No I'm not complaining. I'm just saying that you'd never in a million years get a rate like that again. Anyone who would have had a substantial amount to invest back then would have made a killing.

coylemj

Yes it was a good rate. Converting the Punts (2,000) to Euros (2,539.48) yields a rate of 7.34% p.a., still pretty good by today's standards.