Savings highs and lows revealed by Halifax stats

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When it comes to putting something side for a rainy day, the biggest savers are in the south – but the region also features more than half of the local authorities where savings levels are at their lowest.

The ‘South-South’ disparity is driven by the split between prosperous south-est areas and more deprived areas of Greater London – South Buckinghamshire tops the list for the highest average savings balance at £13,459, which is more than three times that of Hackney, which stood at £4,246.

Across England and Wales the average savings balance was £7,830 at the end of September.

 

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