Savings review

The Irish Times in association with Becketts, the independent personal finance consultants and employee benefit advisers, will…

The Irish Times in association with Becketts, the independent personal finance consultants and employee benefit advisers, will analyse all the products on offer from financial institutions under the Government Special Savings Incentive scheme in Business This Week.

On Friday next, May 11th, the deposit products on offer will be assessed, followed on May 18th by a full analysis of all the equity and quasi-equity products. Savers and investors can open accounts under the new scheme from May 1st. However, since each saver can only open one account they should not rush their decision. Accounts can be opened up to April 30th, 2002.

Some institutions have not yet announced their products under the scheme while others may yet refine their offerings in a competitive environment. Under the scheme, the Government will add £1 (€1.27) per month to every £4 saved.