The average amount that UK consumers have 'raided' from their savings accounts in recent months has fallen, new figures suggest, in a development which may have positive implications for people's finances.
A sum of £1,724 was withdrawn by savers in the quarter that led up to this month, Birmingham Midshires figures have revealed.
Putting this statistic into perspective, the firm believes that the figure in July of last year stood at £2,191.
Consumers in Scotland may notably be looking to avoid taking cash from their savings, according to Birmingham Midshires, with people in the country only 'raiding' £616 on average.
"It is encouraging to see that people are taking their savings seriously, putting away more and raiding less," the company's head of savings products John Bianco has noted.
Meanwhile, people looking to avoid credit card debt by saving more cash may see higher rates of interest if they opt for ISAs, Michelle Slade, a spokesperson for Moneyfacts.co.uk, recently suggested.
Posted by Tom Burroughs.
