People in the North are Britain's best savers, while those in Birmingham are the least likely to set money aside, research shows today.
Half of people in the North said they regularly saved money out of their monthly income during 2005, something just 35 per cent of people in Birmingham said they did, according to high street bank Abbey.
People in the South-east, East Anglia and Merseyside are also keen savers, with 45 per cent regularly setting money aside, compared with only 38 per cent in Greater London and 40 per cent in the South West.
Tyne and Wear has seen the biggest increase in savers during the past two years, with a six per cent jump in the proportion of the population saving since 2003 to 43 per cent, followed by Scotland where numbers have increased by four per cent, to 44 per cent.
But during the same period the level of people regularly paying money into a savings account in Birmingham, Greater London, Manchester and the Midlands has fallen by two per cent.
The main reason for saving in all regions was to pay for a holiday. Other factors were buying a car, saving towards old age, setting money aside for the children, buying a house, carrying out home improvements and a special event such as a wedding.
Alexia Kilby, Abbey's head of savings marketing, said: "Not everyone can afford to save a regular sum of money each month, but the sooner people try to get into the habit of putting away a regular amount, no matter how small, the better their savings will be of help in later life."