Easy access savings account holders interest rate change expectations in the UK 2014

This statistic illustrates the expectations of savings account holders with regards to the interest rate changes in the United Kingdom (UK) as of June 2014. Among all respondents, nearly every fifth (19 percent) knew that the provider could change the rate by as much as they wish to. A total of 17 percent said that they did not know what to expect from a variable rate savings product.

United Kingdom: which of the below describe what you expect from an easy access account with a variable 1.5 percent rate?

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Source

Release date

January 2015

Region

United Kingdom

Survey time period

June 2014

Number of respondents

2,996 respondents

Age group

16 years and older

Method of interview

Online survey

Supplementary notes

The exact question was the following: "Consider an easy access savings account offering the interest rate 1.5 percent (variable). Which of the below describe what you expect from this account?"

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

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