Mansfield Building Society is backing UK Savings Week, taking place between 18-24 September, as latest research from the Building Societies Association (BSA) states that more than a third of Brits hold most of their savings in a current account.

The BSA research, taken from a sample of over 2,000 UK adults, also found that one in seven (15%) UK adults have no savings at all – this equates to about 7.9million nationally who have next to nothing to fall back on in a crisis.

Mansfield Building Society will be supporting the initiative with regular features on Mansfield 103.2 and other events throughout the week to encourage everyone to get into the savings habit.

To support new and existing savers, the society recently launched its market-leading Double Access Tracker, alongside a new Kick Start Regular Saver which offers a fixed rate of 6.10% for the first 12 months.

Commercial development executive Richard Crisp said that with savings rates on the increase, people need to shop around to get the best return on their savings:

“With the Bank of England Base Rate on the increase, savings products have become increasing attractive – this is great news for savers.  It doesn’t make sense to leave all your cash in a current account gathering dust when there are dozens of exciting options now available which can make saving more rewarding,” he added.

“As a local building society, we want to help customers find the best deal, so we’ll be out and about in our local area promoting UK Savings Week and encouraging everyone to explore the options available to them.”

For more information about UK Savings Week visit uksavingsweek.co.uk. For more information about Mansfield Building Society visit mansfieldbs.co.uk.