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Active savings accounts switching reasons in the United Kingdom in 2014

This statistic presents the grounds for switching savings accounts according to holders, who had switched an account in the preceding three years in the United Kingdom (UK) as of 2014. It was found that the main reasons for switching were interest/rate related. A total of 31 percent of respondents switched after bonus rate expiry, 25 percent after their interest rate was cut by their provider and 13 percent managed to find a better interest rate.

Reasons for switching active savings accounts in the United Kingdom (UK) as of 2014

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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

Special properties

holders of accounts switched in the previous three years

Method of interview

Online survey

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

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