UK Savings Week

Entering its second year, UK Savings Week is here to help the nation save. Taking place 18 – 24 September 2023, UK Savings Week aims to help you find your ideal way to save, with hints and tips for making the most of your money.

Here to help you save

As the cost-of-living crisis continues, with many feeling the effects of financial hardship, there are those who will find the prospect of saving difficult. For those who can afford to save, no matter what their budget, UK Savings Week is a great time to begin.

UK Savings Week takes place every September. Our aim is to raise awareness of the benefits of saving, and to encourage better saving habits.

Hinckley & Rugby Building Society is part of the consortium behind UK Savings Week, and has contributed towards creating a suite of advice, support and resources, for people to explore and use.

Our CEO Colin Fyfe sat down with Fosse 107’s Mark Foster about the importance of saving and how we can all make a start.

Data² has also found that 14% of families have no savings, and this is higher for single parents (25% have no savings), and those living alone (without children – 21% for men, 18% for women).

Savings give you peace of mind when things go wrong and the means to help you achieve your personal goals.

What an individual wants to achieve looks different for everyone. Whether saving for your dream holiday, a new car, or funds in case of an emergency, saving – whether little and often or a bit more when you can – all adds up, and helps you reach your goals. It doesn’t matter what you’re saving for, or how much you put away, regular saving adds up and helps you get where you want to be.

Set a goal

Review your finances and set a monthly target.

Make it a habit

Remove the hassle by setting up monthly payments.

Reward yourself

To help you stay motivated.

“We all know savings are important, but it’s easy to let things slip, especially when the demands on our money increase. This week is a great reminder for us all to reassess what we’ve got, how we can make it easier to manage our money, and how we can achieve the rewards we deserve.”

Hinckley & Rugby Savings Manager, Melanie Aspden

It all adds up to something good!

Learn to save in the ideal way that suits your life and needs. Take the first step today to achieving your savings goals.

If you are a Hinckley & Rugby customer, and would like to speak to someone about your current savings, we are here to help you.

Just speak to a team member in our of our branches, or visit the UK Savings Week website to learn more about the campaign and discover resources to help you boost your savings.

Data references

FRS data shows that 14% of families have no savings, and this is higher for single parents (25% have no savings), and those living alone (without children, 21% for men, 18% for women). In contrast, there are a lot of pensioner households who have high levels of savings (40% have over £30k). If you look at not just those with no savings but also those in the lowest savings bracket you see that this then also brings in couples with children as more likely to have lower savings. So being single or having children, or both of these, mean a greater likelihood of lower or no savings.

MaPS Financial Capability Strategy 2018 and MaPS Building Blocks research 2018, referred to in the MaPS UK Strategy for Financial Wellbeing.