Results

Savings levels in Britain rose over the summer months putting Summer 2015 as the healthiest on record for levels of personal savings in a decade, the latest research from NS&I reveals.

British people’s average monthly savings have increased by over 50% during the past 10 years according to the latest NS&I survey, with women’s savings accelerating faster than men’s.

Savers put aside more money during 2014 than at any time in the past decade according to data from the latest NS&I Quarterly Savings Survey.

A new survey from NS&I shows an increase in the amount that British women are saving in comparison to autumn last year.

NS&I’s latest Quarterly Savings Survey has revealed that the steady rise in savings levels seen over the last year, from 7.42% of income saved in summer 2013 to 8.21% in spring 2014, came to an end in the summer. Britons are now saving 7.63% of their income each month.

The current savings outlook for Great Britain is more positive than spring last year, with NS&I’s Quarterly Savings Survey showing a 2 percentage point increase in the proportion of people who feel they are more likely to save over the next three months (spring 2014 18%; spring 2013 16%). Also, the number of people less likely to save has declined from 22% in spring 2013 to 18% in spring 2014.

The latest edition of NS&I’s Quarterly Savings Survey reveals that Britons have recorded the highest saving level of the year. People are now saving 8.04% of their incomes each month, £101 in monetary terms.

NS&I’s latest Quarterly Savings Survey shows how Britain’s savings behaviour has changed over the last decade. Britons are now saving 7.76% of their incomes each month, (£98).

The latest NS&I Quarterly Savings Survey out today reveals that over one in four Britons (27%) with an emergency fund have broken into it when they didn’t have to.