Bank of Ireland has come forward with three product options for the Government's Special Saving Incentive Scheme. The bank will be offering 4 per cent interest on both the fixed and variable deposit accounts.

The variable rate option includes a guarantee that the variable interest rate will not be lower than 1 per cent below the European Central Bank rate during the life of the scheme. The third option is Bank of Ireland's PIP product provided by Lifetime Assurance. Investors may choose between two funds managed by Bank of Ireland Asset Management, the Lifetime Equity Fund and the Lifetime Managed Growth Fund.