Savings & Investment: Getting UpFront about reasons for saving

The latest Savings Barometer published by KBC Bank Ireland shows that 56 per cent of savers choose to save the interest earned on saving accounts.

8th September, 2012
Pictured at the launch of the new Interest Upfront Savings Account are Dara Deering, executive director and head of retail business with KBC Bank Ireland, and Abbie Philips from Marino, Dublin.

The latest Savings Barometer published by KBC Bank Ireland shows that 56 per cent of savers choose to save the interest earned on saving accounts.

It also found that many savers prefer to receive their interest when they first open a savings account, with the demand highest among those under 35 (42 per cent) even though many do not spend the interest.

In line with those findings, KBC Bank Ireland launched its new Interest Upfront Savings Account in...

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