Government policy is discouraging a majority of people from putting money by, according to building society Nationwide.
Britain's savers are feeling more upbeat about the future than they did before - after confidence suffered due to interest rate cuts from the Bank of England.
The Nationwide Savings Index, collated by the building society and released monthly, was found to have risen by two points during April, signifying increased optimism among consumers. However, the new index remains 25 percent below its level in June 2008, prior to the worsening of the credit crunch and beginning of the recession.
Figures regarding cash savings themselves also remained unimpressive, with fewer than one in five (16 percent) of poll respondents saying that they felt now is a good time to save. The adverse economic conditions also led to 24 percent of people saying that they will save less in six months' time than they do now.
Moreover, with interest rates from the Bank of England still at an all-time low of 0.5 percent, 56 percent of poll respondents said that the government was discouraging them from saving through their policies.
Lee Raybould, head of savings at Nationwide, said: "Despite the modest improvement of two points in the Savings Index this month, the savings environment is still perceived as unfavourable by consumers.
"The large share of respondents saying that government policy discourages them from saving may reflect disappointment with the very low level of interest rates currently prevailing."
