Number Of Consumers Open To Online Savings Accounts Rises Significantly

LOMBARD, Ill.—Raddon Financial Group’s recent National Consumer Research indicates that those who use or would use an Internet savings account is markedly rising.

The poll shows that in 2014, 36% of respondents said they would consider and Internet account and 10% said they already have one. That’s compared to 19% who said they would think about an online savings account in 2009 and 12% who had a digital account then.

In 2014, the poll shows that 54% said they would not use an Internet savings account, compared to 69% who felt the same way in 2009.

Raddon’s research is based on 1,200 consumer responses.

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