SSIA savers warned over current accounts

SSIA savers expecting to share in a multi-billion-euro windfall over the coming months were yesterday warned against putting their cash into current accounts.

The Financial Regulator insisted it would be senseless to leave money in accounts where the banks are paying little or no interest.

Banks and building societies are clambering over each other with headline-grabbing offers to woo new customers as the government savings scheme reaches maturity.