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.
