Consumers wary of 10-year timeframe of solidarity bond

TAKE-UP of the Government’s national solidarity bond has been slow in its first week, despite thousands of hits on the StateSavings.ie and An Post.ie websites.

Consumers have shown interest in information on the bond but remain hesitant about taking the plunge. Anecdotal evidence suggests consumers are drawn to the 50% gross return on the bond’s 10-year option but lukewarm about making such a long-term commitment.

A spokesperson for An Post, the sole outlet for the new bond, said: “There has been huge interest in the bond. A lot of people are coming into An Post offices and thousands more are logging on to the websites, but because it is a longer term product, people are hesitating.