The old fashioned cash stash under the bed is still as evident today as it ever has been! More and more of us are keeping large reserves of money hidden around the home according to a survey by Swinton, with the most popular hiding place being underneath the mattress.
A survey of 1400 Swinton home insurance customers revealed that:
• 28% of Britons have emergency money in a secret hiding place in the home
• 43% keep up to £100 in cash in the house for emergencies
• 9% have between £100 and £1000 hidden in their home
• 3% have over £1000 stashed away
• 55% report that the current uncertainty of the markets would make them more likely to want to keep their savings outside the banking system
• 15% of respondents even refused to reveal their hiding place in the survey due to security fears
Out of those who kept a hidden stash:
• 36% say it's because they like to have a ready source of cash close to hand
• 34% say it's because of fears of the worsening economic climate
• 12% report it as a protest against rising bank charges
• 11% say it's because they are too lazy to put it in the bank