Spectator on facebook

Spectator on facebook

Survey: 90 percent of Slovaks set aside some financial reserve

As many as 90 percent of Slovaks set aside some of their monthly earnings, but almost half leave them on regular transactional accounts where they earn virtually zero interest, according to a Poštová Banka survey released on Wednesday, August 8.

As many as 90 percent of Slovaks set aside some of their monthly earnings, but almost half leave them on regular transactional accounts where they earn virtually zero interest, according to a Poštová Banka survey released on Wednesday, August 8.

Almost 60 percent set aside some money every month in saving accounts while one-third deposit their money in fixed term accounts.

"Most of us set aside 20 percent of our income. We save most often for emergency situations; as many as 80 percent of Slovaks are doing this. Men tend to take into consideration possible future emergency situations slightly more frequently than women. The latter mainly save for the reconstruction of their homes and for the financial security of their families, most of all their children. They also save for holidays," said Eva Pavlíková, head of Poštová Banka's deposit department, for the TASR newswire.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

Gas transmitter Eustream

Stopping extremism before it starts

Schools in Slovakia must do a better job of developing their students’ critical thinking skills from an early age, US envoy says.

Danko’s popularity keeps falling

The SNS chair suffers mostly because of the controversial military promotion and his following actions.

Lack of qualified labour needs to be addressed

After visiting carmaker PSA in Trnava, PM Fico says that people do not want to work even for more than €1,300.

PSA Groupe Slovakai in Trnava