SSIA savers warned to shop around for better interest rate deals

SAVERS were last night warned to make sure they get the best rate of interest they can if they want to keep saving their SSIA windfalls.

As the last of the country’s 1.1 million SSIA accounts matured yesterday, banks are converting the accounts into normal savings schemes.

But the Financial Regulator yesterday warned the interest rates on offer might not be as lucrative as the rates applying to SSIA accounts, so savers need to check.