Jul 9 2008
Many people across the UK are becoming a "bit more sensible" and are getting more serious about their savings efforts, it has been suggested.
According to Helen Cook, head of savings at Sainsbury's Finance, the credit crunch has left British consumers out of pocket to some extent but it has also refocused many people on the importance of setting money aside regularly.
Saving for children is a major priority for thousands of parents in the UK and anyone setting money aside needs to be sure that they have the right account for their circumstances, Ms Cook maintains.
"Even though you think you're going to be very sensible and shift amongst rates, actually, most people don't," she said.
"People need to know whether or not they're the sort that will."
A recent report from Sainsbury's Bank in association with Defaqto suggested that an increasing number of savings accounts offered to UK consumers are incorporating a variety of restrictions and conditions.
