Dáil Éireann Debate, Tuesday - 1 July 2025
256. Deputy Barry Heneghan asked the Minister for Finance if the freezing of a Post Office Savings Bank account (details supplied) that forms part of the Ireland State Savings range of products offered by the National Treasury Management Agency constitutes a default, including a temporary default, of Government debt; and if he will make a statement on the matter. [35390/25]
View answerThe NTMA have informed me that a Post Office Savings Bank account forming part of the Ireland State Savings range of products offered by the National Treasury Management Agency may be frozen for a number of reasons, including regulatory or operational issues.
The temporary freezing of such an account does not constitute a default, including a temporary default, of Government debt, and interest continues to accrue on the account, until the freeze is lifted from the account.
