The savings rate of households in the United Kingdom (UK) fell in the first quarter of 2025. That came after a period of rising household savings that peaked in the second quarter of 2020, when they amounted to 27.5 percent of their disposable income.

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.

In 2024, adults living in a household of two to four people in the United Kingdom (UK) were the most likely to own a savings account. 64 percent of adults in two-person households had a short- or long-term savings account, while just 57 percent of adults in a household with 5 people or more had a savings account.

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.

The value of gross savings in the United Kingdom (UK) fluctuated significantly in the past decade, reaching over 560.1 billion U.S. dollars in 2024. These figures refer to the total savings in the UK, and therefore it does not just refer to households. In 2020, due to the coronavirus outbreak and the measures put in place by government to fight the pandemic, households savings rate in the UK soared.

In every region of the United Kingdom, at least 87 percent of the households owned current accounts as of the financial year that ended in March 2024. Meanwhile, the ownership rate of Individual Savings Accounts (ISAs) was much lower, although it varied significantly within the UK. While 41 percent of households in the South West of England had an ISA, that rate dropped to 17 percent in Northern Ireland.

Key information about UK Gross Savings Rate

• UK Gross Savings Rate was measured at 16.4% in Sep 2024, compared with 16.4% in the previous quarter.
• UK Gross Savings Rate is updated quarterly, with data available from Mar 1955 to Sep 2024, and an average rate of 16.4%.
• The data reached an all-time high of 16.4% in Mar 1973 and a record low of 12.7% in Jun 2009.
• 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 0.2% YoY in Mar 2023.
• UK Nominal GDP reached 786,411.4 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.6% in Dec 2022.
• UK GDP Per Capita reached 45,308.8 USD in Dec 2022.

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 easy access saver account of the Skipton BS was the easy access savings account with the highest annual equivalent rate as of July 2025 in the United Kingdom (UK). Tesco Bank and also offered high-interest rates, with its internet saver account having an AER of 4.1 percent, while Ulster Bank's Loyalty Saver account offered an AER of four percent.

Overall, adults in the United Kingdom (UK) with a lower income were less likely to own a short-term or long-term savings account in 2024. Roughly 74 percent of adults of up to 64 years of age with an income between 57,600 and 76,800 British pounds had a savings account. In contrast, only 45 percent of respondents with an income of less than 15,600 British pounds owned a savings account.

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.

In the United Kingdom (UK), the share of respondents who own a short or long-term savings account was higher in 2024 than in the previous year. The highest amount of ownership was recorded in 2020, with 68 percent of respondents having a savings account.

Abstract copyright UK Data Service and data collection copyright owner.The Family Resources Survey (FRS) has been running continuously since 1992 to meet the information needs of the Department for Work and Pensions (DWP). It is almost wholly funded by DWP. The FRS collects information from a large, and representative sample of private households in the United Kingdom (prior to 2002, it covered Great Britain only). The interview year runs from April to March.The focus of the survey is on income, and how much comes from the many possible sources (such as employee earnings, self-employed earnings or profits from businesses, and dividends; individual pensions; state benefits, including Universal Credit and the State Pension; and other sources such as savings and investments). Specific items of expenditure, such as rent or mortgage, Council Tax and water bills, are also covered.Many other topics are covered and the dataset has a very wide range of personal characteristics, at the adult or child, family and then household levels. These include education, caring, childcare and disability. The dataset also captures material deprivation, household food security and (new for 2021/22) household food bank usage. The FRS is a national statistic whose results are published on the gov.uk website. It is also possible to create your own tables from FRS data, using DWP’s Stat Xplore tool. Further information can be found on the gov.uk Family Resources Survey webpage. Safe Room Access FRS data In addition to the standard End User Licence (EUL) version, Safe Room access datasets, containing unrounded data and additional variables, are also available for FRS from 2005/06 onwards - see SN 7196, where the extra contents are listed. The Safe Room version also includes secure access versions of the Households Below Average Income (HBAI) and Pensioners' Incomes (PI) datasets. The Safe Room access data are currently only available to UK HE/FE applicants and for access at the UK Data Archive's Safe Room at the University of Essex, Colchester. Prospective users of the Safe Room access version of the FRS/HBAI/PI will need to fulfil additional requirements beyond those associated with the EUL datasets. Full details of the application requirements are available from Guidance on applying for the Family Resources Survey: Secure Access.FRS, HBAI and PIThe FRS underpins the related Households Below Average Income (HBAI) dataset, which focuses on poverty in the UK, and the related Pensioners' Incomes (PI) dataset. The EUL versions of HBAI and PI are held under SNs 5828 and 8503 respectively. The secure access versions are held within the Safe Room FRS study under SN 7196 (see above). The FRS aims to: support the monitoring of the social security programme; support the costing and modelling of changes to national insurance contributions and social security benefits; provide better information for the forecasting of benefit expenditure. From April 2002, the FRS was extended to include Northern Ireland. Detailed information regarding anonymisation within the FRS can be found in User Guide 2 of the dataset documentation. For the second edition (October 2014) the data have been re-grossed following revision of the FRS grossing methodology to take account of the 2011 Census mid-year population estimates. New variable GROSS4 has been added to the dataset. Main Topics: Household characteristics (composition, tenure type); tenure and housing costs including Council Tax, mortgages, insurance, water and sewage rates; welfare/school milk and meals; educational grants and loans; children in education; informal care (given and received); childcare; occupation and employment; health restrictions on work; children's health; National Health Service treatment; wage details; self-employed earnings; personal and occupational pension schemes; income and benefit receipt; income from pensions and trusts, royalties and allowances, maintenance and other sources; income tax payments and refunds; National Insurance contributions; earnings from odd jobs; children's earnings; interest and dividends; investments; National Savings products; assets; vehicle ownership. Standard Measures Standard Occupational Classification Multi-stage stratified random sample Face-to-face interview Computer Assisted Personal Interviewing 2005 2006 ABSENTEEISM ACADEMIC ACHIEVEMENT ADMINISTRATIVE AREAS AGE APARTMENTS APPLICATION FOR EMP... APPOINTMENT TO JOB ATTITUDES BANK ACCOUNTS BEDROOMS BONDS BONUS PAYMENTS BUILDING SOCIETY AC... BUSES BUSINESS RECORDS CARE OF DEPENDANTS CARE OF THE DISABLED CARE OF THE ELDERLY CARS CHARITABLE ORGANIZA... CHILD BENEFITS CHILD CARE CHILD DAY CARE CHILD MINDERS CHILD MINDING CHILD SUPPORT PAYMENTS CHILD WORKERS CHILDREN CHRONIC ILLNESS COHABITATION COLOUR TELEVISION R... COMMERCIAL BUILDINGS CONCESSIONARY TELEV... CONSUMPTION CONTACT LENSES COUNCIL TAX CREDIT UNIONS Consumption and con... DAY NURSERIES DEBILITATIVE ILLNESS DEBTS DENTISTS DISABILITIES DISABILITY DISCRIMI... DISABLED CHILDREN DISABLED PERSONS DOMESTIC RESPONSIBI... ECONOMIC ACTIVITY ECONOMIC VALUE EDUCATION EDUCATIONAL BACKGROUND EDUCATIONAL FEES EDUCATIONAL GRANTS EDUCATIONAL INSTITU... EDUCATIONAL VOUCHERS ELDERLY EMPLOYEES EMPLOYMENT EMPLOYMENT HISTORY EMPLOYMENT PROGRAMMES ENDOWMENT ASSURANCE ETHNIC GROUPS EXPENDITURE EYESIGHT TESTS FAMILIES FAMILY MEMBERS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SUPPORT FOOD FREE SCHOOL MEALS FRIENDS FRINGE BENEFITS FULL TIME EMPLOYMENT FURNISHED ACCOMMODA... FURTHER EDUCATION Family life and mar... GENDER GIFTS GRANDPARENTS GRANTS HEADS OF HOUSEHOLD HEALTH HEALTH SERVICES HEARING IMPAIRED PE... HEARING IMPAIRMENTS HIGHER EDUCATION HOLIDAY LEAVE HOME BASED WORK HOME OWNERSHIP HOME SHARING HOURS OF WORK HOUSEHOLD BUDGETS HOUSEHOLD HEAD S OC... HOUSEHOLDS HOUSING HOUSING FACILITIES HOUSING FINANCE HOUSING TENURE INCOME INCOME TAX INDUSTRIES INSURANCE INSURANCE PREMIUMS INTEREST FINANCE INVESTMENT INVESTMENT RETURN Income JOB DESCRIPTION JOB HUNTING JOB SEEKER S ALLOWANCE LANDLORDS LEAVE LOANS LODGERS MANAGERS MARITAL STATUS MARRIED WOMEN MARRIED WOMEN WORKERS MATERNITY LEAVE MATERNITY PAY MEDICAL PRESCRIPTIONS MORTGAGE PROTECTION... MORTGAGES MOTORCYCLES NEIGHBOURS Northern Ireland OCCUPATIONAL PENSIONS OCCUPATIONAL QUALIF... OCCUPATIONS ONE PARENT FAMILIES OVERTIME PARENTS PART TIME COURSES PART TIME EMPLOYMENT PARTNERSHIPS BUSINESS PASSENGERS PATERNITY LEAVE PENSION CONTRIBUTIONS PENSIONS PHYSICALLY DISABLED... PHYSICIANS POVERTY PRIVATE EDUCATION PRIVATE PERSONAL PE... PRIVATE SCHOOLS PROFITS QUALIFICATIONS RATES REBATES REDUNDANCY REDUNDANCY PAY RENTED ACCOMMODATION RENTS RESIDENTIAL MOBILITY RETIREMENT ROOM SHARING ROOMS ROYALTIES SAVINGS SAVINGS ACCOUNTS AN... SCHOLARSHIPS SCHOOL MILK PROVISION SCHOOLCHILDREN SCHOOLS SEASONAL EMPLOYMENT SECONDARY EDUCATION SECONDARY SCHOOLS SELF EMPLOYED SEWAGE DISPOSAL AND... SHARES SHIFT WORK SICK LEAVE SICK PAY SICK PERSONS SOCIAL CLASS SOCIAL HOUSING SOCIAL SECURITY SOCIAL SECURITY BEN... SOCIAL SECURITY CON... SOCIAL SERVICES SOCIAL SUPPORT SOCIO ECONOMIC STATUS SPECIAL EDUCATION SPECTACLES SPOUSES STATE EDUCATION STATE HEALTH SERVICES STATE RETIREMENT PE... STUDENT HOUSING STUDENT LOANS STUDENTS STUDY SUBSIDIARY EMPLOYMENT SUPERVISORS SUPERVISORY STATUS Social stratificati... TAXATION TELEVISION LICENCES TELEVISION RECEIVERS TEMPORARY EMPLOYMENT TENANCY AGREEMENTS TENANTS HOME PURCHA... TERMINATION OF SERVICE TIED HOUSING TIME TOP MANAGEMENT TRAINING UNEARNED INCOME UNEMPLOYED UNEMPLOYMENT BENEFITS UNFURNISHED ACCOMMO... UNWAGED WORKERS VEHICLES VISION IMPAIRMENTS VISUALLY IMPAIRED P... VOCATIONAL EDUCATIO... VOLUNTARY WORK WAGES WIDOWED WORKING MOTHERS WORKING WOMEN property and invest...

As of 2024, roughly 22 percent of people with a Cash ISA in the United Kingdom had their current financial product for less than a year. Meanwhile, 25 percent of UK adults who had a savings account in a bank, building society, or NS&I, had held that product for 10 years or longer.

In the United Kingdom (UK), the share of respondents who think that taking advice from a financial expert would help them save money mainly remained very stable from 2018 to 2025. Each year throughout that period, between 14 and 16 percent of respondents believed that consulting a financial expert would help them save more money.

In 2024, approximately 55 percent of residents in the United Kingdom were saving for a rainy day among other reasons. Meanwhile, 35 percent of people mentioned that their main reason was to cover short-term expenses such as a holiday. Retirement was another reason why people were saving money apart from the contributions made for their pensions.

The value of any pension pots already accrued that are not state basic retirement or state earning related. This includes occupational pensions, personal pensions, retained rights in previous pensions and pensions in payment.

The overall value of contributions to individual savings accounts (ISAs) in the United Kingdom (UK) amounted to 73 billion British pounds in 2022/23. Most of those subscriptions were for adult accounts, with junior ISAs making up a small share of the total. Subscriptions refer to the payments that individuals make into their accounts. However, there is a limit to how much money an individual can save.

As of December 2024, the average interest rate of one year fixed-rate cash ISA deposits in the United Kingdom was slightly higher than that of two-year fixed rate deposits. The interest rate of both types of deposits increased significantly between 2021 and 2023.