A new SSIA-style savings incentive has been suggested as an alternative to low-return deposit accounts. Economists and financial advisers outline how it might work
The original SSIA was designed to control inflation. Photo: Getty
In the spring of 2007, Ireland was awash with optimism and cash as the first wave of Special Savings Incentive Accounts (SSIAs) matured.
Suddenly, more than a million people found themselves in possession of windfalls, a welcome boost towards kitchen extensions, new cars, and long-promised holidays.