Irish households have invested billions in state savings products, but it’s worth doing some research to work out if they’re good investments
Two of the most popular state savings products (SSPs) are prize bonds and national solidarity bonds. Photo: Getty
State Savings Products (SSPs) are offered to Irish savers by the National Treasury Management Agency (NTMA). The NTMA is responsible for borrowing on behalf of the government and managing Ireland’s national debt.
When you put money into an SSP you’re actually lending money to the government. At the end of last month, 8.7pc (€19.5bn) of Ireland’s gross national debt was attributable to SSPs.