Household Saving Rate in the United Kingdom increased to 10.70 percent in the second quarter of 2025 from 10.50 percent in the first quarter of 2025. 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 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.

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 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.

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 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.

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.

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.

Gross domestic savings (% of GDP) in United Kingdom was reported at 16.89 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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.

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.

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.

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.

European Union Gross Household Saving Rate: swda: EU 27 excl UK data was reported at 14.510 % in Dec 2024. This records an increase from the previous number of 14.430 % for Sep 2024. European Union Gross Household Saving Rate: swda: EU 27 excl UK data is updated quarterly, averaging 12.460 % from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of 24.030 % in Jun 2020 and a record low of 11.230 % in Mar 2018. European Union Gross Household Saving Rate: swda: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.A025: ESA 2010: Eurostat: Disposable Income, Final Consumption and Gross Saving.

Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, those consumers who can afford to save are starting to opt either for stocks and shares accounts, or pay off long-standing debts with higher interest rates. Read More