Savers stumble over forgotten accounts

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One in five Britons have stumbled across savings they had forgotten they had, with some people finding a four or even five-figure sum.

Around 21 per cent said in a survey that they had found money they had forgotten about, with 6 per cent coming across an old children’s savings account.

But an absent-minded 8 per cent admitted they had found forgotten savings in a deposit account, bond or ISA which they took out as an adult, according to Clydesdale and Yorkshire Banks.

About 1 per cent were reunited with more than £20,000 and the same proportion found £10,000 that they had forgotten they had.

Steve Reid, director of retail banking at Clydesdale and Yorkshire Banks, said: “Our research revealed that people are still keen to save this year and it’s encouraging that people are putting money away for the future.”