Govt to unveil new savings bond

Finance Minister Brian Lenihan is tonight set to announce details of a new National Solidarity Bond to allow members of the public help stimulate the economy and create jobs.

The bond will be available for subscription through local Post Offices from next week.

The stimulation package is expected to offer opportunities to invest in the bond for periods of five, seven or 10 years with interest being paid annually.

The Labour Party have welcomed the announcement saying it will provide us with the opportunity to make a positive contribution to recovery.