British savers have more than £614bn of spare cash that could potentially earn higher returns from investments, according to a new report.
Analysis by Barclays bank found that money that could be in “possible investments” has grown by a third since 2022, up from £460bn.
Barclays said about 15mn UK adults hold excess cash — up from 13.2mn in 2022 — noting that the jump in interest rates at the end of 2021 made returns on savings products more attractive.
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