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Britons could be putting themselves under unnecessary financial strain, new statistics have suggested.

According to a study conducted by Sainsbury’s Bank, about half of those with savings accounts (49 per cent or 19 million consumers) are unaware of what rate of interest they are receiving on their investments. In addition, ten per cent of savers only claim to know the rates that some of their accounts provide. Meanwhile only 41 per cent of those with such accounts are stated to be aware of how much interest they are receiving. As a result, Sainsbury’s Bank suggested that up to 112 billion pounds could be lying in accounts in which savers do not know the rate of interest being paid, a figure which could well help them make payments on loans, utility bills and other demands on their spending.

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Millions of homeowners could see themselves under financial strain when they return from a break during the Christmas period.

Such is the assertion of Halifax, as a new piece of research by the financial services firm indicates that some four million households are exposing themselves to burglaries over the upcoming festive season. According to the company, an estimated one in five Britons are set to go away over the course of Christmas and the new year. Out of these people, just over a third (37 per cent) are planning to visit family members, while some three per cent go abroad either in the search of some winter sun or to hit the ski slopes. Whatever they intend to do while away, however, travellers could find that a low-rate loan could help to meet the various transport costs that they will face.

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