Wednesday 1st March 2006
New research has found that Britons have no time to deal with their finances and save.
National Savings and Investments (NS&I) and Tesco Personal Finance have found that half of people would save if it were made easier for them to do.
Those without the time to make their money work for them have been branded as the "cash-rich, time-poor generation".
NS&I acting chief executive Trevor Bayley said: "Hectic lifestyles mean that we often find it difficult to keep on top of our finances and providers can help by making saving more accessible."
Currently NS&I figures show that only 55 per cent of the population puts money aside to save regularly, with the biggest reason for not doing so being the lack of cash.
The research found that if it were easier, 48 per cent of people would save more.
The warning is of particular note as Sainsbury Bank has uncovered the fact that a third of banks and building societies have accounts paying less than one per cent interest and one in ten accounts pays less than 0.5 per cent.
With so much to be gained by switching savings accounts being lazy can be very costly. 
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