Almost half do so in a cash savings account, despite the absence of products keeping pace with inflation, research by Standard Life found. Just 17 per cent of adults saving use investment-based products, compared with 18 per cent using premium bonds, while 13 per cent use pension investments and 8 per cent use other products, such as investment bonds. Of those not using stock market-based investments, 13 per cent said they didn't understand how they worked and one in ten thought such products were only suitable for the very wealthy.
Savers not put off by low returns
More than eight in ten UK adults save money on a regular basis, according to figures published today.