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Covid lockdown savings: how to make the most of spare cash

Options if you have accumulated some money or want to start putting something aside

With strict limits on going out and about, lockdown has helped many people build their savings. Last year, in total, households put away almost three times as much money as the year before, according to an analysis of Bank of England figures by the investment firm Hargreaves Lansdown. It found that in the year to March 2021, £184bn flowed into savings accounts.

For some of those who have been able to carry on working through the coronavirus lockdowns, this has been their first opportunity to start accumulating some savings.

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Read the original article at The Guardian

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