What is UK Savings Week?
UK Savings Week aims to get people engaged with saving, whether they are already savers; have no savings but could save a little; or are unable to save right now but may be able to when times improve.
With 9 million people having no savings at all to fall back on in an emergency, and £260 billion sitting in accounts that aren’t earning any interest, UK Savings Week aims to
- Help people to build their financial resilience by finding a way to save that works for them
- Encourage those with savings to actively engage and manage their savings to make them work as hard as possible for them
UK Savings Week invites all organisations that want to see people’s financial resilience improve and for them to make the best of their savings to get on board and engage the nation in the great savings conversation.
Having a regular savings habit can provide a safety net when things go wrong. Even a small rainy-day pot to fall back on when an unexpected bill lands, can provide security and reduce worry in difficult times. But savings are not just for the unexpected. A growing savings pot can help achieve future dreams and aspirations, whether that’s saving for a weekend break or a holiday of a lifetime, a new dress or a new home, a new hobby or career-changing qualification, Christmas presents or a wedding. Getting into the habit of putting some money aside each month towards a future goal will help to ensure that dream is achieved.
When, how and how much we save, will be different for everyone. UK Savings Week is all about helping individuals to save their own way, when they can. Creating a regular habit is often the best way to start, and whilst the amount saved might flex depending on other expenses in the month and could be small: once the habit is formed a savings pot can start to build.
For those who are already savers, UK Savings Week aims to help people think about making most the of their savings, by understanding different types of savings account and finding the best rate of interest. As interest rates have been rising, choosing the right account can make a big financial difference to individual savers.
When is UK Savings Week?
UK Savings Week 2024 will run from the 9th to the 15th of September.
How to get involved in UK Savings Week
To get more information on this year’s UK Savings Week, please fill in the contact form and we’ll get in touch to share how you could get involved and to answer any questions you may have.