Household Saving Rate in the United Kingdom decreased to 10.90 percent in the first quarter of 2025 from 12 percent in the fourth quarter of 2024. This dataset provides - United Kingdom Households Saving Ratio - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, households from the United Kingdom (UK) are expected to save over **** percent of their disposable incomes. This savings rate fluctuated significantly since 2007, with the lowest figures recorded in 2018 at **** percent. In 2020, due to the coronavirus (COVID-19) outbreak and resulting lockdowns, savings rates spiked across the world. In the UK, savings rate reached roughly ** percent that year, more than ***** times higher than in the previous year.

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 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.

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 June 2025, the interest rate amounted to **** percent.

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 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.

Key information about EU Gross Savings Rate

• EU Gross Savings Rate was measured at 25.7% in Dec 2024, compared with 25.7% in the previous quarter.
• EU Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Dec 2024, and an average rate of 25.7%.
• The data reached an all-time high of 25.7% in Mar 2021 and a record low of 21.4% in Mar 2010.
• 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. Eurostat provides Final Consumption Expenditure in local currency and Nominal GDP in local currency. European Union stands for EU27 excluding UK.
• In the latest reports, EU GDP expanded 1.0% YoY in Mar 2023.
• EU Nominal GDP reached 4,430,431.2 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.5% in Mar 2023.
• EU GDP Per Capita reached 38,468.8 USD in Dec 2021.

Interest-bearing sight deposits were the type of savings deposit with the highest outstanding amount in the United Kingdom in the first half of 2025. The outstanding value of those types of deposits in the UK amounted to 903 billion British pounds that year, while the value of NS&I deposits was 241 billion British pounds.

United Kingdom HN: Households Saving Ratio: sa data was reported at 4.400 % in Jun 2018. This records an increase from the previous number of 3.900 % for Mar 2018. United Kingdom HN: Households Saving Ratio: sa data is updated quarterly, averaging 9.100 % from Mar 1963 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 15.200 % in Jun 1993 and a record low of 3.400 % in Mar 2017. United Kingdom HN: Households Saving Ratio: sa 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.AB051: ESA10: Resources and Uses: Household and Non Profit Institutions Serving Households: Disposable Income.

Comparison of first estimates of saving ratio with estimates published a quarter later.

Impact of Blue Book 2024 changes on the household saving ratio, including real households’ disposable income and households’ gross disposable income.

In the first quarter of 2025, people with an income under 30,000 British pounds considered that having more income was what would make them feel the most financially independent. For 35 percent of respondents with an income of over 50,000 British pounds, owning their own homes is what would make them feel the most financially independent.

Quarterly growth rates for UK households' saving ratio

In the first quarter of 2025, 68 percent of people in the East of England were on track for at least Pensions and Lifetime Savings Association (PLSA) minimum retirement living standards. That made the East of England the region in the United Kingdom with the highest share of people on track. In contrast, Northern Ireland and North-East England were the regions with the lowest share of people on track for the minimum retirement standards, with only 52 percent of people on track.

United Kingdom HN: Households Saving Ratio data was reported at 7.800 % in Jun 2018. This records an increase from the previous number of 3.500 % for Mar 2018. United Kingdom HN: Households Saving Ratio data is updated quarterly, averaging 9.200 % from Mar 1963 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 17.300 % in Jun 1993 and a record low of 2.400 % in Dec 1968. United Kingdom HN: Households Saving Ratio 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.AB051: ESA10: Resources and Uses: Household and Non Profit Institutions Serving Households: Disposable Income.

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.

According to a survey conducted in the first quarter of 2025, disabled and self-employed people were the demographic groups in the United Kingdom with the lowest levels of retirement savings. 54 percent of disabled people had less than the minimum retirement savings and thus were at risk of not being able to cover basic needs when they retire. Individuals who were non-disabled, white, not LGBTQ+, aged 30 to 39, and working full-time were more likely to report comfortable or moderate retirement lifestyles. The largest differences were observed across disability status, sexual and gender orientation, and employment type.

This article investigates the impact of removing “imputed” components to construct measures of RHDI and the saving ratio to better represent the economic experience of households.