brits stash â£4.6b savings at home by Finance News Bulletin

Published: 21/12/07

Three quarters of Brits confess to stashing away banknotes in their homes, a survey has found, with the nation's sum cash-kitty organization to a staggering £46 billionThe poll by insurance firm Cornhill straight revealed that while the average Brit hides now £127, more than eight per cent will leave anything between £300 and £1000 at homeFour out of ten respondents said they felt storing money in the home is a good thought, with 45 per cent saying they liked having fluid funds with which to pay for something immediately

Asked why they were hoarding money, just four per cent said they were reacting to extreme bank charges and the perceived risks linked with financial institutions, while a lazy ten per cent said they just could not be bothered to keep going to their storeDrawers and tins were identified as the favoured hiding places for money reserves, though one respondent even admitted to storing his money in the freezerMark Bishop, a orator for Cornhill Direct, said that although his firm's home inside policy provided defense for cash reserves, "it is never a good idea to keep large arithmetic in the house"Terms of use Advertising Resources Product guides push releases

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