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One in four have less than £250 in their current account - Credit Connect

Summary by Credit-connect.co.uk
New research from The Current Account Switch Service has revealed that one in four (24%) UK adults have less than £250 in their current account. The data also shows a decline in those with higher balances in their current accounts, with a 15% decrease of those with over £2,500 since 2021. A vast majority of respondents (77%) have less than one month’s salary (£3,120 in their accounts, and two-thirds (66%) have less than £1,500. The findings pain…
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credit-connect.co.uk broke the news in on Monday, May 19, 2025.
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