New National Bond Scheme

Date: 01/07/2010
Posted by: Darragh

OVER €70M INVESTED IN NEW NATIONAL BOND SCHEME

More than €70 million has been invested in the National Solidarity Bond Scheme since it was launched. The Minister for Finance has confirmed to me that almost 3,000 customers have bought into the bond scheme since May 4th.

The idea behind the bond scheme is to encourage people to invest in an opportunity that would provide a return for them over time and also make money available to the State to help in stimulating the economy and create more jobs.

On the basis of the figures for the first eight weeks of the scheme there is clearly a demand for this investment opportunity. Approximately 72 people a day have been investing in the scheme on average.

The figures show the Government was right to push ahead with this scheme and give people the option to save, help the economy and help us bring about more employment opportunities.

I hope the bond will continue to attract this level of investment and I would encourage anyone who does have money available to look at this as a worthy investment option that allows the country to benefit as well.