For a convenient regular savings account for the payment of Child Benefit, which offering a medium term Tax Free return, why not consider our State Savings Childcare Plus Account.
Direct payment of Child Benefit to the account each month by Electronic Funds Transfer (EFT)
Based on 12 monthly contributions which are invested for a further five years
5.5% return after 5 years (AER 0.98%)
Fixed rate of return
Tax Free to Irish Residents
No fees, charges or commission
Maximum savings €12,000 per annum (excess amounts will be transferred to a daily interest bearing account – Childcare Save)
Annual Statement of Account
Access to your money at any time subject to 7 days notice.
Notification of the maturity of Childcare Plus accounts will be issued in advance setting out options for reinvestment in State Savings products or repayment.
Terms and conditions apply.