State Savings interest rates rise as Prize Bond fund nearly trebles

Under the new structure, the top monthly prize now stands at €500,000 up from €250,000. The top weekly prize is now €50,000

Under the new Prize Bond structure, the top monthly prize now stands at €500,000 up from €250,000. 

The National Treasury Management Agency (NTMA) has raised the interest rates offered on State Savings accounts and almost tripled the fund available in Prize Bonds to approximately €48m.

The value of the monthly prize fund is recalculated at the start of each month by applying a variable interest rate which will increase from 0.35% to 1%.