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BoI unveils package

BANK of Ireland has announced the launch of a new suite of savings products.

The lender says consumer behaviour continues to show a preference for saving over spending, with 1,500 more savings accounts opened to date in 2012 than over the same period in 2011.

The bank's head of retail deposits, Damian Young, said: "Although the economic climate has seen incomes stagnate, this has resulted in an upturn in people saving for potential loss of income and a move to build nest-eggs rather than spend."