Many savers in the UK have a
bank account which they keep secret from their partner, new research has revealed.
According to a survey of 2,258 people carried out by the Post Office, one in six Brits has money in a
savings account which their partner is unaware of.
A quarter of those questioned said the funds were a safety measure in case their relationship ended, while 18 per cent said such money is personal finance which is nobody else’s business.
The study found that £2,033 was the average amount held in a secret
savings account, with one in twenty people having more than £10,000 hidden away.
Doug Strachan, director of financial services at the Post Office, said, "While people have secret
savings accounts for many different reasons, it's wise to be open and honest about money with loved ones to avoid strained relationships."
He added that people are more likely to make "well informed choices" about finances if they discuss such decisions with family and friends in order to prevent money issues "spiralling out of control."
