Solidarity bond nets €200m

MORE than €200 million has been invested in the Government’s National Solidarity Bond, with an average of €11m pumped in every week.

The success of the savings scheme, which was launched at the beginning of May, has been instant, with the total invested jumping from €70m in early July to €200m in just two months.

Under the scheme, members of the public can invest anything between €500 and €250,000 and will earn 1% interest each year and bonuses of up to 50% if they leave their money in the scheme for five, seven or 10 years.