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Brits Lose £9.75 Billion by Ignoring Better Savings Options

1/8/2026

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Summary

Story summary

British adults lost about £9.75 billion in interest in 2025.
The loss came from leaving cash in low-interest current accounts instead of moving it to savings accounts offering over 5%.
Data show 6.5 million accounts held over £10,000.
Over 15% of people postponed major financial decisions, such as mortgages, losing an average of £640.
Money Ready launched a campaign to improve financial literacy and empower better decision-making.

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Story summary

British adults lost about £9.75 billion in interest in 2025.
The loss came from leaving cash in low-interest current accounts instead of moving it to savings accounts offering over 5%.
Data show 6.5 million accounts held over £10,000.
Over 15% of people postponed major financial decisions, such as mortgages, losing an average of £640.
Money Ready launched a campaign to improve financial literacy and empower better decision-making.