Brits consider banking at home
Almost half of Brits think that people will ditch banks and start stashing their cash at home, after the Northern Rock crisis.A survey conducted by Cornhill Direct found that 45 per cent of people thought consumers would leave banks behind and another 40 per cent said that they thought keeping money at home was a good idea.More than three-quarters of those questioned admitted to keeping money at home - an average £127 per household or a massive £4.6 billion nationwide.The survey seems to show that trust in financial institutions is at a low, with an increasing number of people unwilling to put their faith - and more importantly their money - in the hands of a bank.Hiding places included drawers, tins, even in the freezer and under the floorboards, and that old favourite - under the mattress.Despite the popularity of keeping cash at home, it was found not to be the safest place - with almost one in ten people reporting that some of their hidden money had gone missing at one point or another.
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