Record £45bn invested into ISAs
25/08/2011
A record amount of money was invested in individual savings accounts (ISAs) during the 2009/10 financial year, the latest figures have shown.
A total of £45 billion was stored in the savings products during this period, according to the British Bankers' Association's (BBA) annual Abstract of Banking Statistics.
There were 145 million current and deposit accounts opened by individuals with the main high street banks and 44 million customers were registered to use remote banking, amounting to more than six billion transactions during the year.
Some £172 billion was withdrawn from ATM machines in 2010 from a total of 2.6 billion withdrawals, according to the figures.
The main high street banks also provided a total of 8.4 million mortgages during the year.
BBA chief executive Angela Knight said: "The foundation of good debate and good policy making is hard evidence. This authoritative guide to the industry should be an invaluable tool for anyone with an interest in our industry."
Copyright © Press Association 2011
