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It's definitely advisable to build up a store of personal savings to cope with any sudden bills and in general offer you a little financial breathing space, and investing for our futures is becoming more and more important as anxiety over pension plan arrangements in the long term spreads. Also, there are powerful reasons to take savings seriously as the consequences of the recent borrowing binge
At one time, people usually decided on a bank and stuck with it forever. Indeed, many merely chose the bank their parents were customers of, and didn't look any further for their savings and current account needs. This was understandable years ago when banking was largely done in person at a local branch - customers were restricted to what was easily available and convenient.
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