Belfast Telegraph

Saturday 26 July 2014

Financial expert tells SSIA holders not to worry

An Irish financial expert is telling SSIA account holders not to panic about this week's turbulence on the international stock market.

Thousands of worried account holders have been anxiously watching this week's tumbles.

The majority of the special savings schemes are due to mature between now and the end of April but those with equity-based accounts won't just earn a fixed amount of interest on their deposit.

Financial expert Barry McCall has said they stand to gain - or lose - depending on how well the investment performs internationally.

But he says they shouldn't despair - just yet, as an equity based investment is still worth more than the deposit account option.

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