Spike in amount in bond scheme

THE amount invested in the Government’s National Solidarity Bond has leapt from €70m in July to the latest figure of €255m.

More than 11,500 people have now invested in the scheme, meaning an average investment of just over €22,000.

The National Solidarity Bond allows members of the public to invest anything between €500 and €250,000 and 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.