Solidarity bond nets €1.7m a day

CONSUMERS have pumped an average of €1.7m per day into the Government’s new fundraising initiative/savings scheme – the National Solidarity Bond – since its inception less than two months ago.

The scheme, which was initially proposed in last December’s budget, is aimed at raising additional funds for the Exchequer in order to “stimulate economic recovery” but also acts as a savings scheme for small investors.

Savers can invest anything between €500 and €250,000 in the scheme, which will pay 1% interest on an annual basis.