Over 1 in 10 have secret savings

More than 1 in 10 adults (13%) in relationships have a bank or savings account that their spouse or partner is unaware of, with 14% of men and 13% of women admitting to having one.

The main reasons for having a secret savings account are to give them a greater sense of security amongst 40% of respondents; because they like the idea of having something that is completely their own (29%); and because their partner is not good with money (28%).

These are amongst the key findings of new consumer research conducted by ireach Insights on behalf of Aviva Life & Pensions Ireland DAC (Aviva) that polled 1,000 people nationwide, with a 50/50 split of men and women aged between 25-65.

Those aged between 55-65 were the least likely to have a secret savings account at only 9%, while 24% of 25–34-yearolds have one, followed by 12% of 35–54-year-olds.

other reasons given for having these secret accounts include the fact that they have always had it and never thought to mention it (28%).