The number of people putting some of their monthly income into a savings account has grown slightly in the last year, figures show.
According to the latest Legal and General MoneyMood Survey, the number of people putting funds into savings accounts was six per cent higher in April than at the same time last year.
Julia Clayworth, Legal and General's Wealth Management head of marketing, stated it is "reassuring" that more people are putting their cash in savings accounts.
She said: "It seems that the mood for putting aside a small amount each month as part of a regular savings plan is starting to change."
With the new tax year only just underway, people should look to take advantage of the new investments available, she added.
Recently, Tobias van der Meer, head of consumer banking and investments at Egg, urged people to make sure that they have the equivalent of three month's wages saved up in case they fall on hard times.
People look to boost savings, data shows
People look to boost savings, data shows
Tue, 03 Jun 2008
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