It seems some of the savviest savers are Scottish, with new research finding that investors in Scotland save 53 per cent more than the average UK saver.
According to Fair Investment Company, Scots and those living in the North were the highest savers, turning the tables on the historical trend that saw Southerners saving more than Northerners.
Whilst the average UK investment between January and October of this year was £7,021, invested mainly into funds and ISAs, Scottish investors saved £10,757.
Savers living in Yorkshire and the Humber injected an average of £11,494 into their savings accounts, 64 per cent more than the rest of the UK.
Those living in East Anglia invested £9,214 on average into their savings, with those in the East Midlands putting away £8,000.
Fair Investment head of investment and pensions Nick Scarrett said, “I think it is interesting to see which regions are saving the most, because you would generally expect to see people saving more in the south, where the wages are higher, but our study shows those in the north are generally saving more.”
The vast majority of savers surveyed – 84 per cent - put their money into stocks and shares ISAs, with the rest concentrating on investment funds.
