Savers looking to put away £620m in 2011

Brits are looking to take control of their finances in 2011, according to a survey carried out by Lloyds TSB.

Almost half 44 per cent of those hoping to get their finances back on track will be focussing on accessing the best savings interest rates in order to start putting money away for the future.

The survey found that 57 per cent of respondents are planning to save more than they did in 2010, with an average target of £1,232.64 this year.

Greg Coughlan, head of savings at Lloyds TSB, said: "For many of us, savings is a bit like going to the gym, we know we should do it but we keep putting it off.

"We all start the new year with good intentions but as the weeks go by it's easy to let our resolve slip, particularly when you can't see the results of your efforts immediately."

Fidelity International recently urged Brits to access the best savings rates and take advantage of the significant tax breaks offered by ISAs.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2011-01-18 13:12:27 © Moneyextra.com