Ireland State Savings is the brand name used to describe the range of Irish Government savings products offered by the NTMA to personal savers. It offers Fixed-Term fixed-rate savings products, Prize Bonds and Deposit Accounts.
Ireland State Savings Products have no fees or charges. Fixed Term products and Prize Bond winnings are tax free.
When a person saves with Ireland State Savings they are placing money directly with the Irish Government. Repayment of all Ireland State Savings money is a direct, unconditional obligation of the Irish Government. Funds saved in Ireland State Savings Fixed Term products and Prize Bonds are placed in the Central Fund of the Exchequer and are used to fund Government expenditure such as capital expenditure in the areas of energy, transport, water and housing. They form part of the National Debt of Ireland.
The total value of Ireland State Savings holdings was €23.9 billion at end June 2026.
Commenting on the rate increases, the Tánaiste and Minister for Finance said:
“I very much welcome today’s announcement by the NTMA to increase these rates as a measure that will help people who are saving and investing and want to make their hard-earned money go further. This announcement will provide Ireland State Savings customers with an increased return on new fixed-term savings products and deposit accounts.
"It will also provide increased prize fund for Prize Bond holders with the variable rate used to calculate the prize fund increasing to 1.5%, while also supporting the valuable conduit that Ireland State Savings provide for the Irish State to raise funding.
"The Ireland State Savings Digital Development Programme has improved accessibility and convenience for customers, complementing the traditional service provided through the post office network. Ongoing digital enhancements have made it easier for customers to access and manage their savings, improving the customer experience.”
