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Savings Rate

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Savings rate
Personal savings as a percentage of disposable personal income.

Savings Rate
The amount a person or organization places in a savings account or similar vehicle as a percentage of total disposable income. Savings are important for long term financial stability as it gives a person or organization a cushion for bad times. The savings rate may be calculated at microeconomic level for personal finances or may be aggregated at the national level to gauge financial health. A low or negative savings rate usually indicates excessive borrowing, spending, or both. On the other hand, a high savings rate may result in slower economic growth as persons and companies are saving instead of purchasing goods and services. See also: Rainy day fund.


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More and more people are reducing their spending and choosing, instead, to save or invest the money they earn Find the best savings rate available to you and the money you put away will go a lot further More and more people are reducing their spending and choosing, instead, to save or invest the money they earn.
Byline: CLINTON MANNING Based on pounds 5,000 savings over 1 year LAST SUMMER top savings rate.
Fifty-two percent of voters said that they have had to or will use a combination of increasing frees to members, lowering savings rates and raising loan rates.
 
 
 
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