State Savings Products (SSPs) offered by the Irish National Treasury Management Agency provide a safe saving option for citizens, reflecting their trust in government. As of last month, SSPs account for approximately 8.7% of Ireland's gross national debt, equating to €19.5 billion. While these products can be appealing, prospective investors are encouraged to conduct thorough research to assess their long-term advantages and potential returns, ensuring informed financial decisions regarding these instruments.
State Savings Products (SSPs) are an attractive option for savers looking for safety, but potential investors should research these instruments to understand their true value.
SSPs allow Irish households to lend money to the government, reflecting a significant part of Ireland's gross national debt, totaling 8.7pc or €19.5 billion.
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