More savers keep cash under the bed
An increasing number of people are stashing their savings underneath beds because they do not trust bankers, new research has revealed.
Home insurance firm More Than said two-thirds of adults no longer have faith in the British banking system to look after their money.
A survey of 2,000 adults showed that one in 10 admitted they have started to hide money underneath mattresses since the onset of the banking crisis.
More Than spokesman Pete Markey said: "As a result of the well-reported banking problems and low interest rates, it is increasingly tempting for savers to look for unconventional methods of keeping their nest egg secure.
"But while we can understand why people want to stay cautious, there is no better place for savings than the bank, particularly for large sums.
"Keeping cash under the bed might make savers feel better in the short term, but risks leaving them high and dry should the unthinkable happen."
People in Belfast, Newcastle upon Tyne and Bristol were most likely to keep their cash at home rather than in a bank.
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