Next issue of State Savings certs

creditworthy

Registered User
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Good evening ,
I wonder if anyone knows when the next issue of State Savings certificates are issued / how often are they issued ?
Thank you.
 
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It's been a while since this has occurred. Some State Savings rates are now well out of line with comparable deposit rates. Plausible that State Savings rates could be cut on one of the forthcoming public holiday weekends.
 

noproblem

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1,798
I've noticed the very same answers over the past couple of years coming up to bank holidays. It will be so correct one of those days;)
 

creditworthy

Registered User
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23
I'm a no -risk saver and was looking at 5 year scheme, at 0.98% , it looks better than the current rates in banks , the bank rates don't look set to improve I'd say. Am just beginning to look at best option for saving lump sum .
 

Protocol

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Given that the Govt can issue 10yr bonds at yields close to 0.10% pa, and given that the 5yr Savings Cert pays 0.98% pa, am I correct to feel a cut to NTMA retail rates is coming soon?
 

noproblem

Frequent Poster
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1,798
The same has been said many times over the past year or so but we're still "ag fanacht".
More experienced people on these matters might explain why the Goverment might want to keep the rates as they are but I suspect there's a good underlying reason.
 
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4,776
Given that the Govt can issue 10yr bonds at yields close to 0.10% pa, and given that the 5yr Savings Cert pays 0.98% pa, am I correct to feel a cut to NTMA retail rates is coming soon?
NTMA State Savings rates are supposed to stay in line with sovereign yields and deposit rates. The rates are in line with neither right now but as correctly pointed out above nobody knows when the rates will be next adjusted. This Sunday is a possibility but it might not happen.
 
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4,776
So the NTMA did not cur this weekend which means that their only likely remaining opportunity to do so in 2019 is the Sunday of the October bank holiday weekend.

Today the 10 year bond rates dropped into negative territory for the first time. State Savings rates are all widely out of line with the bond market.
 

settlement

Frequent Poster
Messages
146
So the NTMA did not cur this weekend which means that their only likely remaining opportunity to do so in 2019 is the Sunday of the October bank holiday weekend.

Today the 10 year bond rates dropped into negative territory for the first time. State Savings rates are all widely out of line with the bond market.
Meaning they represent good value currently?
 

settlement

Frequent Poster
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146
1.6% per year on the ten year bond isn't mind blowing but I guess compared with a lot of other options it isn't bad considering it's guaranteed
 
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