Britons are collectively missing out on £1.7 billion in interest every year by leaving cash idle in current accounts, research found yesterday.
Almost two thirds of people have money left by the end of the month, with the average balance coming in at £316.15, according to Yorkshire Bank.
But many are losing out on around £88 of "free money" each year with just one in five moving surplus cash into a higher rate savings account.
Midlands people are the most reluctant to save, with 18 per cent saying they cannot be bothered and one in seven ending each month in debt.
Nationally, 14 per cent say they plan on transferring the cash but either forget or cannot be bothered.
When it comes to setting money aside, almost half have less than £250 in savings.
And one in ten still stash their spare cash under the mattress or in a jar.
The younger generation is most averse to saving with 28 per cent aged between 16 and 24 choosing not to have an account and the same percentage setting aside less than £250.
But almost one in three said they wanted to save but they never get around to moving the money from their current account.
Some 44 per cent of people without a savings account said they did not think they would be able to afford to put anything into it but half of these still have money left in their current account at the end of the month.
The research also revealed that parents are more likely to encourage their children to put money aside regularly if they do so themselves.
Some 59 per cent of parents who top up their savings regularly would get their children to follow suit compared to just 22 per cent who choose not to set money aside.
But one in two of those who do not have a savings account admit they have needed to borrow money from their parents.
Gary Lumby, head of retail at Yorkshire Bank, said: "Adults should get into the saving habit as soon as possible.
"When personal debt in the UK has already broken the £1 trillion barrier, it's concerning that unless people start saving soon, this figure will just continue to rise and rise."