Accounts to target SSIA holders

IRISH banks increased the stakes yesterday in a battle for a slice of €16 billion of SSIA cash set to mature from next month.

AIB and Anglo Irish Bank launched regular savings accounts aimed at both the country’s one million SSIA holders as well as those wishing to open accounts.

AIB, which holds a 24% SSIA market share, announced a series of investment and savings products which will be available from 1 June.