Savings: Britons risk ‘negative returns’ as interest rate crisis faced - key steps to take

Some 18 percent of people plan to take out at least £1,000 for this reason, and potentially invest it elsewhere. 

Mark Hipperson, Founder and CEO of Ziglu, commented on the matter.

He said: “With volatility in stock markets and many savings accounts paying negative real returns, we have seen people spending millions of pounds - much of it taken from savings accounts - on cryptocurrencies.

“However, these are also very volatile.

“This is going from one end of the risk spectrum to the other.”