Savings rate

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Savings rate

Personal savings as a percentage of disposable personal income.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
To support the growth in its lending the society raised PS315m of wholesale funding and grew retail savings by PS176m, maintaining its position as having one of the most competitive savings rates on the high street.
CUNA economist Jordan van Rijn said savings rates fell in the five to seven years after the start of the Great Recession "when banks weren't lending."
Research by experts Moneyfacts shows only six providers have increased savings rates since last week or are poised to do so.
Across all age groups, Fidelity found, 27% of participants increased their savings rates in the past 12 months.
Criticism of domestic banks is rising, as they reap profits by raising lending rates and lowering savings rates amid the ongoing political turmoil.
The coefficients a,b,c,c' are adjusted to have the following values for individual savings rates at different levels of income:
Research by the financial information website Moneyfacts.co.uk found savings rates have plunged to record lows since January.
According to the Japanese financial services major, lower small savings rates, along with marginal cost-based pricing of loans from April this year should facilitate an improvement in monetary policy transmission from April-June period onwards.
Recent figures on consumer purchases have been disappointing, and there's evidence that savings rates are going up, showing "the fear of retirement is getting greater," he said.
Here's the rigid truth: Employee savings rates are more important than fees.
Mr Yorston said competition in the mortgage market has meant interest rates for borrowers have been forced down and savings rates have also been reduced.

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