The National Treasury Management Agency has announced this evening an increase in interest rates for the Government retail savings schemes.
The new rates for the Post Office Savings Bank are 1% per annum for the demand deposit account and 3% for the 30-day notice deposit account.
The new savings certificates offer a 21% tax-free return after five and a half years and the new savings bonds offer 10% tax-free after three years and the instalment savings offer a 20% tax-free return after five years.
