What is the relationship between the National Treasury Management Agency, An Post and the Prize Bond Company?

An Post and the Prize Bond Company are agents of the National Treasury Management Agency (NTMA) in respect of the State Savings products range. An Post and the Prize Bond Company do not retain or manage any State Savings money. All State Savings money is placed directly with the Irish Government under the management of the NTMA.

The obligation to repay State Savings money is an unconditional obligation of the Irish Government.