Savings rate

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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.
References in periodicals archive ?
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.
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.
Personal savings rates for the current year, then, should show the greatest effect in a future year, when the accumulated savings are spent.
Arkansans have consumer debts and savings rates similar to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.
2 per cent in 2008 after savings rates tumbled when The Bank of England slashed base rates.
M2 EQUITYBITES-July 3, 2014-Halifax introduces new savings rates for range of ISA accounts
BANKING AND CREDIT NEWS-October 17, 2013-Banks and building societies reduced savings rates in September(C)2013 M2 COMMUNICATIONS http://www.
The bankers' lobby group plans to work on simplifying the terms and conditions of loans and accounts, as well as making it easier to compare savings rates.
The website suggested that a multi-billion pound Government scheme launched in August to boost lending has placed some added pressure on mutuals as it has caused their savings rates to shoot to the top of "best buy" tables.

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