UK Money News
24th June 2008
Brits using savings to fund summer breaks
Britons are using savings rather than credit cards to pay for their holidays this year, a new survey has shown.
In a study conducted by Abbey Savings, it was found that 62 per cent of those quizzed are paying for their break with money accumulated in savings accounts.
Meanwhile, 23 per cent said they would be paying for the trip straight out of their monthly salary.
Conversely, 15 per cent said they would be using a credit card to pay the average of £1,650 which is spent on a holiday.
Reza Attar-Zadeh, director of savings and investments at Abbey, said: "Putting away £137 each month to pay for the average summer holiday is no small task, but there's nothing more satisfying than saving towards a goal.
"Abbey is committed to offering customers a variety of great savings options to meet every savers needs."
He added: "Our competitive Fixed Rate Monthly Saver paying 7.25 per cent AER fixed for one year, is no short-term offering, having remained competitive for many years now."
back to June's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
