Only a third of Hungarians have savings, survey shows
Monday, August 29, 2005, 00:00
Only about a third of Hungarian households have any savings at all, and of those that do, most keep their savings in low-yield bank accounts or cash, according to market researcher GfK Hungária's latest survey on retail savings. About 66% of those Hungarians with savings keep them in bank deposits and 25% keep them in cash. About 14% have savings in life insurance policies, and 10% have savings in pension funds. The survey also showed that 84% of bank account holders pay regular visits to their banks, while only 5% regularly use internet banking services and only 2% use mobile phone banking services. About 9% of account holders say they check their balance over the phone.