As of 2024, most people in the United Kingdom who had recently switched savings accounts did so because their new account offered a better interest rate without having to lock their money away for longer. Additionally, ** percent of people switched to a new cash ISA because the new account offered a better interest rate even though they would have to lock their money away for longer.
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Financial Conduct Authority. (May 16, 2025). Share of people who switched savings accounts in the United Kingdom in 2024, by main reasons to do so [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/
Financial Conduct Authority. "Share of people who switched savings accounts in the United Kingdom in 2024, by main reasons to do so." Chart. May 16, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/
Financial Conduct Authority. (2025). Share of people who switched savings accounts in the United Kingdom in 2024, by main reasons to do so. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/
Financial Conduct Authority. "Share of People Who Switched Savings Accounts in The United Kingdom in 2024, by Main Reasons to Do so." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 16 May 2025, /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/
Financial Conduct Authority, Share of people who switched savings accounts in the United Kingdom in 2024, by main reasons to do so ÌÇÐÄÆƽâ°æ, /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/ (last visited August 01, 2026)
Share of people who switched savings accounts in the United Kingdom in 2024, by main reasons to do so [Graph], Financial Conduct Authority, May 16, 2025. [Online]. Available: /statistics/1613718/main-reasons-to-change-savings-accounts-in-the-uk/
