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Bank charges: Britain's favourite time to save revealed

People across Britain may be thinking about paying off their bank charges and saving up between 3pm and 4pm on a Tuesday.

This is because research by BM Savings has found that this is the time when most people open online savings accounts.

The study showed that 20 per cent of people who open online savings accounts do so on a Tuesday, followed closely by Wednesday, when 18 per cent of people do so.

John Bianco, head of BM Savings, said: "It is encouraging to see that the nation has not only got into regular, established savings habits, but also that these take place at set times during the week.

"With online savings accounts, savings activities can truly become part of our everyday lifestyles as they enable you to manage your savings whenever it suits you."

Findings also revealed that the majority of Brits are 'lunch break savers' in terms of transferring money around online savings accounts, with most people moving money between 12pm and 1pm on a Monday.

Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt.ADNFCR-2776-ID-800501940-ADNFCR

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