Some £7bn worth of savings secretly stashed in people’s homes

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Post Office advises people seek out a savings account which meets their individual needs

People across the UK are keeping a massive £7bn worth of savings in their own homes rather than investing them in a savings account, according to recent research by the Financial Services Compensation Scheme (FSCS) .

The research indicates that many savers are keen to keep their savings in their own homes. However, the Post Office is reminding savers that there are a range of savings accounts from the Post Office on offer that can make saving money both easy and flexible.

The Post Office has a range of savings options available to meet individual needs. Whether looking for short-term, easy access, savings options or longer-term investments, the Post Office can offer a savings account solution to meet the needs of UK savers..

For those looking to manage their savings online, the Post Office has expanded its savings range with its Online Saver, making it quick and easy for customers to start their savings journey.

The Online Saver rate includes unlimited free withdrawals and can be set up with a quick and easy online application . It enables savers to invest from £1 to £2m making it savings option to meet the needs of the widest range of savers..

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