Only 7% to splurge their SSIA windfall

HOLDERS of Special Savings Incentive Accounts (SSIAs) have lost their appetite for blowing their windfalls on a spending spree, according to new research from Bank of Ireland.

The bank yesterday said only 7% of savers now planned to spend all of their SSIA money when the scheme begins to mature in May next year.

This was down from 17% a year ago.