Easy access savings account holders awareness of their interest rate in the UK 2014

This statistic displays the awareness of easy access savings account holders regarding the interest rates paid on their accounts in the United Kingdom (UK) as of 2014, broken down by account balance. The lack of awareness was the highest among the account holders with accounts in the lowest account balance bands. A total of 59 percent of people with less than 500 British pounds on their account did not know what interest rate was paid on these accounts. Among those with more than 20 thousand GBP on their accounts, nearly one fourth displayed lack of knowledge regarding the interest rate.

Distribution of easy access savings account holders awareness of the account interest rate in the United Kingdom (UK) as of 2014, by account balance

Stated a rateDon't know
Over 20,000 GBP76%24%
10,000 - 19,999 GBP69%31%
1,000 - 9,999 GBP57%43%
500 - 999 GBP49%51%
Less than 500 GBP41%59%
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Source

Release date

January 2015

Region

United Kingdom

Survey time period

June 2014

Number of respondents

2,742 respondents

Age group

16 years and older

Special properties

easy access savings account holders

Method of interview

Online survey

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Statistics on "Individual savings accounts in the United Kingdom (UK)"

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