Winter brings fall in savings account deposits
05 March 2010 08:29:21
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| Consumers neglected their savings accounts over winter. |
A report from NS&I reveals that the average person now saves just 6.25% of their monthly take-home income, compared with 6.48% this time last year.
Whereas Britons typically saved £90.12 each month in winter 2008-09, the average monthly amount put away for a rainy day was just £81.94 this winter.
The figures suggest that consumers need to start thinking more about their finances and looking around for the best savings accounts rates.
Tim Mack, senior savings spokesman at NS&I, advised: "With the new financial year approaching, now is a good time for people to take a closer look at their finances and set themselves savings goals for the year ahead."
Meanwhile, the latest survey from F&C Investments suggests that the majority of private investors plan to use at least some of their ISA allowance for 2009-10, with one-third expecting to use their full allowance.
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