Nearly £400bn ‘sitting in accounts earning 1% or less’
Nearly £400 billion is languishing in UK current and savings accounts earning 1% interest or less, according to analysis.
Around £380.9 billion is estimated to be sitting in current accounts paying between nothing and 1% and instant access non-Isa savings paying 0.01% to 1%.
The research, from and data consultancy CACI, also indicates there are nearly 13 million current accounts held in the UK with balances above £5,001.
