NS&I lauds attitude to savings accounts in 2011

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NS&I lauds attitude to savings accounts in 2011

Tue 21st Dec 2010

Many Brits have told NS&I they are more likely to put money aside in 2011, with a representative from the firm suggesting this is indicative of a wider trend.

Tim Mack, savings spokesman for the company, described it as "pleasing" that 29 per cent of people in the country intend to increase the amount they save in the new year.

In his opinion, there are plenty of individuals who are using the turn of the year as an excuse to review their finances and make sure they are on the right track in 2011.

Mr Mack accepted the Christmas season can be very difficult for a lot of households, but he suggested buying lesser known brands and taking advantage of special offers to ensure the celebrations do not leave people with a financial hangover in January.

"The festive period can be an expensive time, but there are still savings to be made if you're prepared to shop around," he added.

NS&I recently pointed out that many consumers are opting to make presents themselves.

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