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An post savings

Lome · 2013-06-06 11:19:36

I just caught on the radio the very last bit about someone talking about An Post and the cuts to its saving schemes. ..can someone enlighten me please

06-06-2013 11:19am

#1

Lome

Registered Users, Registered Users 2 Posts: 69 ✭✭

Join Date: October 2012

Posts: 56

I just caught on the radio the very last bit about someone talking about An Post and the cuts to its saving schemes. ..can someone enlighten me please

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#2 06-06-2013 11:39am

martyoo

Closed Accounts Posts: 872 ✭✭✭

Join Date: November 2010

Posts: 775

The reductions — which were announced yesterday and come into effect immediately — will only affect new purchases made from today. However, they will see significant falls in returns on savings bonds and certificates and the National Solidarity Bond.

For instance, the fixed interest rate total return for customers on the three-year savings bond offered by the NTMA/An Post is dropping from 7% to 4%; the six-year instalment savings rate falls from 17% to 14%; the 10-year national solidarity bond rate goes from 45% to 35%, and the four-year version of that bond will see a new fixed interest rate of 8%; as opposed to 12% before. The rate for the five-year savings certificate is dropping from 15% to 11%.

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