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An Post State Savings question

  • 12-10-2012 7:28pm
    #1
    Wanderer2010
    Registered Users, Registered Users 2 Posts: 6,743 ✭✭✭


    Ok, so I started a 10yr bond last yr and have been putting little bits here and there into it but I have a question about the maturing of the bonds and I cant seem to find the answer on my official pack. Whats stopping me putting in, say, 5000 over a 9 year period and then a few months before its due to mature, add about another 10000euros, would I still get the same 47% interest on this larger sum than I would have got on the original 5000euros, there is surely nothing stopping you putting in small bits and then a large amount near the end, not everyone can save exact amounts each week or month...


Comments

  • #2
    dearg lady
    Closed Accounts Posts: 2,091 ✭✭✭dearg lady


    Is the interest not calculated monthly or daily?


  • #3
    juan.kerr
    Closed Accounts Posts: 2,766 ✭✭✭juan.kerr


    Definitely not.


  • #4
    BrianD3
    Registered Users, Registered Users 2 Posts: 8,513 ✭✭✭BrianD3


    Wanderer2010 wrote: »
    Ok, so I started a 10yr bond last yr and have been putting little bits here and there into it but I have a question about the maturing of the bonds and I cant seem to find the answer on my official pack. Whats stopping me putting in, say, 5000 over a 9 year period and then a few months before its due to mature, add about another 10000euros, would I still get the same 47% interest on this larger sum than I would have got on the original 5000euros, there is surely nothing stopping you putting in small bits and then a large amount near the end, not everyone can save exact amounts each week or month...
    State Savings bonds and certs are fixed term deposits not regular saver accounts. So you don't "put money into" an existing 10 year bond. If you want to invest more you buy separate bonds and each one will have a maturity date 10 years from the date of purchase.


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