Dáil Éireann Debate, Wednesday - 20 May 2026
94. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the terms of the relationship that governs An Posts management of the State savings scheme; when the contract is up for renewal; the rationale for a single party framework; and if he will make a statement on the matter. [38212/26]
View answerIreland State Savings products are managed by the National Treasury Management Agency (NTMA) on behalf of the Minister for Finance. All monies raised form part of the National Debt and are a direct unconditional obligation of the State.
NTMA currently has a contract with An Post for the operation of Ireland State Savings.
Prize Bonds are managed separately under a contract between the NTMA and The Prize Bond Company Limited, a joint venture between Fexco and An Post.
The Ireland State Savings contract was last renewed in 2023 and runs to 2027. Previous contracts with An Post date back to 2015, when the first contract was signed between the NTMA and An Post to consolidate the existing arrangements at the time into a single Agency Contract.
The use of a single-party framework reflects An Post’s established role as a retail delivery partner for State Savings, with its nationwide network of Post Offices and the operational efficiencies of delivering a single, integrated customer service with increased digital capacity.
The NTMA retains responsibility for governance and oversight of An Post, in its capacity as an agent for State Savings. The NTMA keeps these arrangements under ongoing review to ensure they remain appropriate and continue to deliver value for Ireland State Savings customers and the Exchequer.
