The EBS Building Society said today that research shows more than three-quarters of SSIA holders plan to continuing to save after their SSIA has matured.
Among those who are continuing to save, the research shows that 68 per cent are saving the same or more than their previous SSIA contribution.
Of the savers whose SSIAs have matured, 24 per cent have not done anything with their funds, 17 per cent have saved it, 15 per cent have spent it all or most of it and 25 per cent have reinvested the cash, the research showed.
However, the survey shows that many people's plan for their cash changes once the account matures. Some 9 per cent of those planned to use it as a deposit on a house, but only 2 per cent actually did. Just half of the 14 per cent who said that they would put it into a pension actually did.