Over a ******* of households in the United Kingdom (UK) had less than 1,500 British pounds in savings and investments in the financial year of 2023/24. Meanwhile, ** percent of all households had at least 30,000 British pounds saved up. In 2023/24, Northern Ireland was one of the regions in the United Kingdom with the lowest ownership rate of ISAs and other savings accounts.

The average interest rate of instant access deposits in the United Kingdom (UK) has started declining since the second half of 2024. That was after the interest rates of those products soared in 2022 and 2023, peaking at **** percent in January 2024. In contrast, the interest rate of instant access deposits dropped to **** percent in April 2021. As of August 2025, the interest rate amounted to **** percent.

In 2017, around *********** adults in the United Kingdom had no cash savings. Once you are an adult, having savings is a key element of preparing yourself for life’s little and big surprises. Building cash savings can be a difficult task as it takes careful planning, and time to accumulate. Those aged between 18 and 24 years of age in the United Kingdom have the lowest mean amount in cash savings of any age group. As of 2017, one in eight UK adults had no cash savings, with a further ** percent of the population having between zero and ************ British pounds.

With age comes wisdom

The correlation between age and the mean amount of cash savings can be somewhat linked to individuals’ priorities. Younger people will be looking to put money towards large items such as a car, home or travel whereas those aged over ** have not only had time to build their savings, but also are more likely to have no unsecured debt, and to own a property outright.

Rainy day fund

As we get older, the importance of having some form of savings for an emergency, or unforeseen circumstances becomes clearer. Planning for the long-term becomes of higher importance as we age. Despite this, as of 2018, just over half of the adult population had adequate savings for retirement.

Key information about UK Gross Savings Rate

• UK Gross Savings Rate was measured at 17.5% in Jun 2025, compared with 17.5% in the previous quarter.
• UK Gross Savings Rate is updated quarterly, with data available from Mar 1955 to Jun 2025, and an average rate of 17.5%.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household, NPISHs and Government Expenditure. Office for National Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, UK GDP expanded 1.3% YoY in Sep 2025.
• UK Nominal GDP reached 1,029,876.0 USD mn in Sep 2025. Its GDP deflator (implicit price deflator) increased 3.7% in Sep 2025.
• UK GDP Per Capita reached 53,191.3 USD in Dec 2024.

This dataset provides values for PERSONAL SAVINGS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This statistic shows the change in the amount of average savings of people in the United Kingdom between 2012 and 2014. Average savings do not include groups with high savings (12 percent of the population, starting at 50,000 British pounds in savings and over). In 2012, the average amount people held in savings was 9,800 British pounds.

This statistic presents the average amount saved by Great Britain's adult population monthly, expressed as a percentage of average income during summer and autumn 2014, by age group. During that time the highest share of their income was saved by people over 65 in summer 2014 (making monthly savings over 9 percent of their average income). The lowest share of their income was saved by people aged 45 to 54 in summer 2014(saving 6.37 percent of their average income).

In 2023, the savings of most university students in the United Kingdom (UK) amounted to 1,000 British pounds or less. Meanwhile, ***** percent of students had at least 10,001 British pounds of savings. The average student loan debt in England was higher than in Wales, Scotland, or Northern Ireland.

In 2023, university students in the United Kingdom (UK) had significantly more savings than in the previous year. While their savings in 2019 amounted to *** British pounds, they reached ***** by 2022. The average student loan debt in England was higher than in Wales, Scotland, or Northern Ireland.

The United Kingdom: Savings, billion USD: The latest value from 2024 is 560.1 billion U.S. dollars, an increase from 507.52 billion U.S. dollars in 2023. In comparison, the world average is 181.23 billion U.S. dollars, based on data from 96 countries. Historically, the average for the United Kingdom from 1970 to 2024 is 246.38 billion U.S. dollars. The minimum value, 31.97 billion U.S. dollars, was reached in 1970 while the maximum of 560.1 billion U.S. dollars was recorded in 2024.

United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data was reported at -1.426 % in 2016. This records a decrease from the previous number of -1.162 % for 2015. United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data is updated yearly, averaging 4.026 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 18.271 % in 1970 and a record low of -2.395 % in 2009. United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

United Kingdom Weekly Household Exp: Avg: Oth: SI: Saving & Investment excl AVCs data was reported at 5.000 GBP in 2016. This records an increase from the previous number of 4.800 GBP for 2015. United Kingdom Weekly Household Exp: Avg: Oth: SI: Saving & Investment excl AVCs data is updated yearly, averaging 5.000 GBP from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 6.200 GBP in 2007 and a record low of 4.300 GBP in 2011. United Kingdom Weekly Household Exp: Avg: Oth: SI: Saving & Investment excl AVCs data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.H023: Average Weekly Household Expenditure.

United Kingdom UK: GDP: % of GDP: Gross Savings data was reported at 13.187 % in 2017. This records an increase from the previous number of 11.813 % for 2016. United Kingdom UK: GDP: % of GDP: Gross Savings data is updated yearly, averaging 15.466 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 22.678 % in 1970 and a record low of 10.971 % in 2009. United Kingdom UK: GDP: % of GDP: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

United Kingdom UK: Adjusted Savings: Net Forest Depletion: % of GNI data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. United Kingdom UK: Adjusted Savings: Net Forest Depletion: % of GNI data is updated yearly, averaging 0.000 % from Dec 1970 (Median) to 2016, with 47 observations. United Kingdom UK: Adjusted Savings: Net Forest Depletion: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Net forest depletion is calculated as the product of unit resource rents and the excess of roundwood harvest over natural growth. If growth exceeds harvest, this figure is zero.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

The savings of households in the United Kingdom as a share of their income has been increasing between 2022 and 2024. In the third quarter of 2024, UK households saved, on average, **** percent of their income. That was, nevertheless, much lower than the savings ratio reached as of the second quarter of 2020, when it peaked at **** percent. The highest value recorded throughout the period.

The benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This line chart displays polarity sentiment score by publication date using the aggregation average. The data is filtered where the keywords includes Savings accounts-Great Britain.

United Kingdom UK: Adjusted Savings: Consumption of Fixed Capital: % of GNI data was reported at 13.036 % in 2016. This records a decrease from the previous number of 13.270 % for 2015. United Kingdom UK: Adjusted Savings: Consumption of Fixed Capital: % of GNI data is updated yearly, averaging 13.492 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 16.006 % in 1981 and a record low of 11.006 % in 1970. United Kingdom UK: Adjusted Savings: Consumption of Fixed Capital: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Nominal. Consumption of fixed capital represents the replacement value of capital used up in the process of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;