Statistics

UK Savings Statistics 2026.

Name: IGI UK savings indices
Creator: IGI

The latest figures on UK interest rates, savings, ISAs and fund management in one place, each with its official source and date. Last updated 11 November 2026.

These statistics are for information only and are not investment advice. Market figures describe the UK as a whole, and IGI's own figures are not a guide to future returns.

IGI savings indices.

IGI calculates these indices from the public Bank of England and ONS figures shown with each one. They measure the whole UK savings market, not IGI products, and use no IGI or customer data, so anyone can check the sums.

IGI Real Savings Rate Index

+0.92 percentage points

The IGI Real Savings Rate Index stood at +0.92 percentage points in September 2026: the average new fixed-term rate across UK banks and building societies was that far above inflation.

How far the average new fixed-term savings rate sits above or below inflation. A positive number means new fixed-term savers are, on average, beating inflation.

Formula: Average rate on new fixed-term deposits − CPI inflation

Average rate on households' new fixed-term deposits, September 2026 (%): 4.42Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)
CPI inflation, 12 months to September 2026 (%): 3.5Source: Office for National Statistics, Consumer price inflation, UK: September 2026 (opens in a new tab) (21 October 2026)

IGI Easy-Access Pass-Through Index

44%

The IGI Easy-Access Pass-Through Index was 44% in September 2026: UK banks and building societies paid easy-access savers about 44% of Bank Rate on average.

How much of Bank Rate reaches the average easy-access saver. 100% would mean easy-access savings paid the same as Bank Rate.

Formula: Average rate on easy-access (sight) deposits ÷ Bank Rate × 100

Average rate on households' easy-access (sight) deposits, September 2026 (%): 1.66Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)
Bank Rate during September 2026 (%): 3.75Source: Bank of England, Monetary Policy Summary and Minutes, September 2026 (opens in a new tab) (17 September 2026)

IGI Cash Drag Index

£184

The IGI Cash Drag Index was £184 in September 2026: about £184 a year of lost spending power per £10,000 held at the average UK bank and building society easy-access rate.

A simple approximation of the spending power lost on £10,000 kept in easy-access savings for a year: what inflation takes away, minus the interest earned, if both stayed at September 2026 levels. It is an illustration, not a forecast.

Formula: £10,000 × (CPI inflation − average easy-access rate) ÷ 100, over one year (simple approximation)

Average rate on households' easy-access (sight) deposits, September 2026 (%): 1.66Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)
CPI inflation, 12 months to September 2026 (%): 3.5Source: Office for National Statistics, Consumer price inflation, UK: September 2026 (opens in a new tab) (21 October 2026)

IGI saver statistics

Anonymised totals from IGI's own records: live GBP pots with money in them, as at 11 November 2026. No figure identifies a customer, and every group behind a figure contains at least 10 pots. These figures describe how IGI members save; they are not a guide to future returns.

The IGI Pot Size Index: the median funded IGI pot held £21,494 on 11 November 2026.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
The middle half of funded IGI pots held between £1,348 and £55,931, and the average pot held £74,120.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
16% of funded IGI pots held £100,000 or more, while 39% held less than £10,000.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
The IGI Saver Loyalty Index: 77% of funded IGI pots have held money for more than a year.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
The median funded IGI pot received its first deposit 23 months ago.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
76% of funded IGI pots have been topped up at least once after their first deposit.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)
36% of IGI pots more than a year old were topped up in the last 12 months.Source: IGI, IGI anonymised pot data (opens in a new tab) (11 November 2026)

UK interest rate and inflation statistics

Bank Rate and inflation set the backdrop for every savings rate in the UK.

The Bank of England raised Bank Rate by 0.25 percentage points to 4% in November 2026.Source: Bank of England, Monetary Policy Summary and Minutes, November 2026 (opens in a new tab) (5 November 2026)
The Monetary Policy Committee voted 8–1 for the November 2026 rise; the one dissenting member wanted a 0.5 point rise to 4.25%.Source: Bank of England, Monetary Policy Summary and Minutes, November 2026 (opens in a new tab) (5 November 2026)
In September 2026 the Monetary Policy Committee voted 6–3 to hold Bank Rate at 3.75%.Source: Bank of England, Monetary Policy Summary and Minutes, September 2026 (opens in a new tab) (17 September 2026)
UK consumer prices (CPI) rose by 3.5% in the 12 months to September 2026, up from 3.1% in the 12 months to August.Source: Office for National Statistics, Consumer price inflation, UK: September 2026 (opens in a new tab) (21 October 2026)
CPIH, which includes owner occupiers' housing costs, rose by 3.6% in the 12 months to September 2026.Source: Office for National Statistics, Consumer price inflation, UK: September 2026 (opens in a new tab) (21 October 2026)

UK savings interest rate statistics

Effective rates are what banks and building societies actually paid on households' money, not the best rates advertised.

Households were paid an average 4.42% on new fixed-term (time) deposits in September 2026, up from 4.24% in August.Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)
The average rate on all fixed-term deposits households already held was 3.44% in September 2026.Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)
The average rate on households' easy-access (sight) deposits was 1.66% in September 2026.Source: Bank of England, Effective interest rates, September 2026 (opens in a new tab) (29 October 2026)

UK household savings statistics

How much UK households save, where they put it and how many have little or nothing set aside.

The UK household saving ratio rose by 0.2 percentage points to 8.8% in April to June 2026.Source: Office for National Statistics, GDP quarterly national accounts, UK: April to June 2026 (opens in a new tab) (30 September 2026)
Real household disposable income per head rose by 1.0% in April to June 2026, after a 0.8% fall in January to March.Source: Office for National Statistics, GDP quarterly national accounts, UK: April to June 2026 (opens in a new tab) (30 September 2026)
Households deposited £5.0 billion into ISAs in September 2026.Source: Bank of England, Money and Credit, September 2026 (opens in a new tab) (29 October 2026)
Households withdrew £2.9 billion from non-interest-bearing accounts in September 2026, and £0.2 billion from interest-bearing fixed-term deposits.Source: Bank of England, Money and Credit, September 2026 (opens in a new tab) (29 October 2026)
10% of UK adults had no cash savings at all in May 2024, and another 21% had less than £1,000.Source: Financial Conduct Authority, Financial Lives 2024 survey: key findings (opens in a new tab) (16 May 2025)
Among the 90% of UK adults with cash savings, the median amount held was between £5,000 and £6,000 in May 2024.Source: Financial Conduct Authority, Financial Lives 2024 survey: key findings (opens in a new tab) (16 May 2025)
13.1 million UK adults (24%) had low financial resilience in May 2024.Source: Financial Conduct Authority, Financial Lives 2024 survey: key findings (opens in a new tab) (16 May 2025)

ISA and deposit protection statistics

Tax-free savings and the protection limits that apply to deposits.

Around 16.8 million adult ISA accounts were subscribed to in the 2024 to 2025 tax year, up from 15 million a year earlier.Source: HM Revenue & Customs, Annual savings statistics: September 2026 (opens in a new tab) (16 September 2026)
Around £135.7 billion was paid into adult ISAs in 2024 to 2025, £32.7 billion more than the year before.Source: HM Revenue & Customs, Annual savings statistics: September 2026 (opens in a new tab) (16 September 2026)
Cash ISA subscriptions grew by 37.5% (£26.1 billion) in 2024 to 2025; stocks and shares ISA subscriptions grew by 19.7% (£6.1 billion).Source: HM Revenue & Customs, Annual savings statistics: September 2026 (opens in a new tab) (16 September 2026)
Adult ISA holdings were worth £952 billion at the end of 2024 to 2025, with cash ISAs making up 44.1% of that value.Source: HM Revenue & Customs, Annual savings statistics: September 2026 (opens in a new tab) (16 September 2026)
The annual ISA allowance is £20,000 in the 2026 to 2027 tax year.Source: GOV.UK, Individual Savings Accounts (ISAs) (opens in a new tab) (Checked 11 November 2026)
FSCS deposit protection rose from £85,000 to £120,000 per eligible person, per authorised firm, on 1 December 2025.Source: Financial Services Compensation Scheme, Deposit protection limit (opens in a new tab) (Checked 11 November 2026)
The FSCS protects temporary high balances of up to £1.4 million for up to six months.Source: Financial Services Compensation Scheme, Deposit protection limit (opens in a new tab) (Checked 11 November 2026)

UK fund management statistics

Assets, fund flows and jobs in the UK investment management industry.

The UK is the second-largest investment management centre in the world and the largest in Europe, managing 36.5% of European assets under management.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
Investment Association members managed a record £11.1 trillion of assets in the UK at the end of 2025, up 11% in a year.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
Including firms outside Investment Association membership, the UK industry is estimated to manage £13.3 trillion.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
Overseas clients accounted for 53% of assets managed in the UK in 2025, up from 51% in 2024.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
Funds under management for UK investors rose 8.9% to a record £1.62 trillion in 2025.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
UK investors' net retail outflows from funds were £1.9 billion in 2025, while money market funds attracted a record £6.9 billion.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
Tracker funds attracted £12.8 billion in 2025, taking tracker funds under management to a record £408.3 billion.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)
The UK investment management industry supported about 124,600 jobs in 2025, including around 44,800 within investment management firms.Source: The Investment Association, Investment Management in the UK 2025-2026 (opens in a new tab) (7 October 2026)

How to cite these statistics.

You are welcome to quote any figure on this page. Please credit the original publisher named under it. For the IGI indices, please cite:

IGI, "UK Savings Statistics 2026", https://www.igi.co.uk/uk-savings-statistics, updated 11 November 2026.

Sources and method.

Market figures come only from official bodies and industry associations, and we link every figure to where it was published. IGI saver statistics are anonymised totals from IGI's own records, with every group containing at least 10 pots. Rates are averages across UK banks and building societies, not the best rates on offer. We review the page when new data is released.

IGI: IGI anonymised pot data (opens in a new tab) (Live GBP pots with money in them, as at 11 November 2026; 11 November 2026)
Bank of England: Monetary Policy Summary and Minutes, November 2026 (opens in a new tab) (Decision of the meeting ending 4 November 2026; 5 November 2026)
Bank of England: Monetary Policy Summary and Minutes, September 2026 (opens in a new tab) (Decision of the meeting ending 16 September 2026; 17 September 2026)
Bank of England: Effective interest rates, September 2026 (opens in a new tab) (September 2026; 29 October 2026)
Bank of England: Money and Credit, September 2026 (opens in a new tab) (September 2026; 29 October 2026)
Office for National Statistics: Consumer price inflation, UK: September 2026 (opens in a new tab) (12 months to September 2026; 21 October 2026)
Office for National Statistics: GDP quarterly national accounts, UK: April to June 2026 (opens in a new tab) (April to June 2026; 30 September 2026)
Financial Conduct Authority: Financial Lives 2024 survey: key findings (opens in a new tab) (May 2024; 16 May 2025)
HM Revenue & Customs: Annual savings statistics: September 2026 (opens in a new tab) (Tax year 2024 to 2025; 16 September 2026)
GOV.UK: Individual Savings Accounts (ISAs) (opens in a new tab) (Tax year 2026 to 2027; Checked 11 November 2026)
Financial Services Compensation Scheme: Deposit protection limit (opens in a new tab) (From 1 December 2025; Checked 11 November 2026)
The Investment Association: Investment Management in the UK 2025-2026 (opens in a new tab) (End of 2025; 7 October 2026)

Investment or savings account.

Savings accounts and investments carry different risks and protections. Our guide explains the difference.

Read the guide