UK savers to put cash under the mattress

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One in six UK savers are considering withdrawing their savings from their bank or building society, with some having already removed their cash for personal storage.

A poll for Channel 4 News found almost half of all UK consumers believe their bank accounts are less secure than they were a year ago. A total of 16% of those surveyed said they had either withdrawn their savings from their bank or building society account, or are considering such action. The poll also found the public’s confidence in the safety of their savings has declined over the past year, with 45% saying their savings are less safe than they were a year ago. Women proved to be particularly doubtful of banks and building societies as a safe place for their cash, with 48% saying t...

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