Savers increasingly optimistic on putting money away

Saving is on the up as we move towards summer, with an increase in the number of people putting money away, driven by a more favourable attitude to the savings environment.

A significant increase in the number of people saving was seen last month when compared to February, with the Nationwide UK/ESRI Savings Index climbing 12 points to 117.

This reflects a more positive attitude among consumers to Government policy and the current savings landscape. A third of respondents to the monthly survey indicated now is a good time to save, the highest level since 2014.