What's your savings personality?

In the 165 years we’ve been around, we’ve learned a lot about the way people think about saving.

For some it’s easy, for others it’s a challenge. But understanding what type of saver you are could be the first step towards better savings habits and, potentially, being able to do more of the things you enjoy or need to do.

So - what sort of saver are you? See if you recognise yourself from the savings personalities below. Jags Uppal, manager of our Worcester branch, offers some tips too.

Jags Uppal

Opportunity seeker

Spend a bit. Save a bit. Invest a bit. You never put your eggs in one basket and you’re happy to take some risk when it comes to investing. But you’re realistic too and understand that investments can go up or down and you could get back less than you invested. With a good grasp on financial affairs, you’re a savvy saver, who’s preparing financially for a more comfortable future.

Jags says:

This type of saver might be interested in a savings account for their shorter term needs, but they could also benefit from exploring how they feel about risk in more detail. Our financial advisers could help them with that and use their insight and knowledge to see if they can help optimise the ‘opportunity seeker’s’ existing investments.

Sensible saver

Nothing’s left to chance when it comes to your cash. Every penny’s accounted for and every penny counts. You love a good rate, keep your eye on new products and you’re building a healthy nest egg for the future, but sometimes it feels like you might be missing out on things you’d like to do now.

Jags says:

Saving comes naturally to the ‘sensible saver’, but with interest rates so low across the board, choosing the right type of account is as important as getting a good rate. Fixed Rate accounts usually offer higher interest for those who are happy to lock their money away and could be good for nest eggs. Easy Access accounts offer access to cash when it’s needed, which could be good for shorter-term savings like holidays. They might want to choose a combination of accounts.

Want to save. Struggle to save.

School trips, family birthdays, care costs – with so many financial commitments you sometimes find it hard to put anything aside. Spare cash doesn’t stay spare for long and you’re worried you’re not saving enough for the future. You’d like to get more organised with your money, but it’s tough to find the time, especially with so many other demands.

Jags says:

You don’t need to put lots of money into being a successful saver. Little and often builds up over time. These customers might benefit from a free Skipton savings review to talk about their money, which they can do over video link if they can’t make it into a branch. Our online Life Goals Tool could also be useful for working out how much they’d need, and how long it might take to save for a specific goal like education fees or renovating the house.

The ‘putter offer’

If you spend it today, worry about it tomorrow, you could be a savings ‘putter offer’. Enjoying the here and now is a bigger priority for you than saving for the future - after all - you can’t take it with you. It’s not that you don’t have any money to save, it’s just that there are more interesting things to do, and spending time on your finances definitely isn’t one of them.

Jags says:

Our online savings calculator could be good for the ‘putter offer’, because it’s low effort and, if they’re saving for a certain goal, it can show them if they’re on track to reach it. It could be a good starting point for someone who doesn’t want to spend too much time on their money but, deep down, understands the advantages of saving for the future.

Stock market-based investments aren’t like building society savings accounts, as your capital is at risk and you may get back less than you invest. The value of your investments and any income from them may fall as well as rise

Whatever type of saver you are, we're here to help

Savings range

Whatever your plans, however much you can save each month, we could have an account for you.

View our range

Talk to us

Either in Branch or via Video Appointment, a review is a great way to check your savings plans are on track.

Take the next step

Savings journey

We all have different savings goals, these can change. So where are you on your savings journey?

Find out more
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