The amount of excess savings held by UK households has increased from £112 billion in January to £163 billion in October, research from Investec reveals
| UPDATED: 11:26, Thu, Mar 11, 2021
Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.
Savings rates have been analysed by Hargreaves Lansdown (HL), who examined how the savings market is performing in the run up to March. They noted savings rates have fallen, particularly fixed rates, with the average one-year rate sitting at just 0.26 percent, down from 0.97 percent in January 2020.