Active savings accounts switching rates in the UK in 2014, by account balance

This statistic illustrates the switching rates of savings accounts in the United Kingdom (UK) as of 2014, listed for various account balances. The survey targeted those, who had switched their savings account in the preceding three years. It was found that the rate of switching increased with the account balance growth. A total of 38 percent of people with total easy access cash ISAs savings exceeding 20 thousand Brithish pounds reported having switched at least once (either for a different account with the same provider or for a different provider alltogether).

Active savings accounts switched at least once in the previous three years in the United Kingdom (UK) as of 2014, by account balance

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Source

Release date

January 2015

Region

United Kingdom

Survey time period

May 15th to June 14th 2014

Age group

16 years and older

Method of interview

Online survey

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

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