Saving becomes more popular for Irish

Ireland has become a nation of savers, with 79% of people now having a savings account, according to KBC bank.

This figure is set to grow further as consumers feel that now is a good time to save. A third of consumers believe that now is a good time to save compared to 31% 12 months ago, according to the Nationwide UK (Ireland)/ESRI Savings Index.

Despite the increase in savers, there was also a rise in consumer confidence with a 3% increase in the percentage of people planning on spending their surplus cash.