Highest savings level in North West

People in the North West have the highest level of savings, totalling £8,871, more than double the amount accumulated by those in Wales, according to new figures from internet bank Egg.

North West people also have a third of their annual pay set aside on average, registering the highest level of savings in relation to their salaries.

However, they save less every month than those in most regions, at an average of £93.

The highest monthly savings rate, at £166, and the lowest level of savings in relation to their annual salary, at 17%, are recorded by Londoners.

Those in London have accumulated the second highest level of savings, at £7,718, while the amount set aside by the Welsh is £4,253.

People in Yorkshire and Humberside, the West Midlands and Wales save less than a fifth of their salaries on average, while those living in Northern Ireland have the lowest monthly savings rate of £80.

Disclaimer

All content is for informational purposes only and is the opinion of the author. Nothing on this website should be interpreted as "advice". Money Dashboard Ltd make no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions or any damages arising from its display or use.

Get started today with Money Dashboard

Money Dashboard will help you discover where your money is going, start saving and plan for the future - for free

Related articles

Download app
×
Join 600,000+ people on Money Dashboard
Sign up - it's free
1