Sign up to The Irish Times Archive (1859 - 2008)My Account »

Mon 04 Apr 2007Many savers to leave SSIA funds intactMore evidence that Special Savings Incentive Account (SSIA) holders are shunning spending sprees in favour of cautious saving emerged yesterday, as Ulster Bank said four out of five SSIA customers whose accounts have matured have left their funds intact.The bank said 44 per cent of the customers it surveyed intended to save the same amount every month after their SSIA matures, indicating that saving habits will not die once the final and largest batch of SSIAs mature on April 30th.