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.

Key features:

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.