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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in Strathclyde.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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Industry in depth
Savers reach 16 year peak
8 February, 2010
The total number of savers reached a 16 month peak as January 2010 saw the number of regular and occasional savers increase to 79%.
But whilst this is the highest since September 2008, one fifth (21%) of people are still not saving at all according to the latest Nationwide survey of savers.
Commenting, Andy Hutchinson, head of savings at Nationwide, said: “Although there is still a lot of room for improvement, it is nonetheless encouraging to see a rise in the number of savers in January 2010. This is despite the continued low interest rate environment - the last time there were so many savers, the Bank of England Base Rate was 5.00%. I think this shows that good returns are still available, especially for those who are willing to lock part of their savings into longer term bonds.”
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