Savings bond welcomed, but ‘it won’t make you rich’

THE Government’s latest savings initiative has been guardedly welcomed, with one economist saying it won’t make you rich, but with no fees or charges has certain attractions.

The National Solidarity Bond, for small and medium sized investors, will pay a 50% gross return over 10 years.

Any money invested is placed directly with the Government – under the management of the National Treasury Management Agency – is “100% secure”, said Finance Minister Brian Lenihan.