Active savings accounts switching reasons in the United Kingdom in 2014

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

by Statista Research Department, last edited Jan 20, 2015
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.
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Reasons for switching active savings accounts in the United Kingdom (UK) as of 2014

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Statistics on "Individual savings accounts in the United Kingdom (UK)"
  • Average amounts per account
  • Saving accounts in the United Kingdom
  • Saving behaviour
  • Distribution and usage of ISAs
  • Risks associated with ISAs
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