Size of Colorado bank accounts shrink last year, study says

Written By Bersemangat on Selasa, 23 Oktober 2012 | 08.37

Colorado consumers set aside less money in savings and checking accounts last year, even as average account balances rose nationwide, according to an analysis Monday from Pitney Bowes Software.

The size of the average consumer savings account in the state was $5,324 in 2011, down 1.26 percent from the $5,392 reported in 2010. That ran counter to the country as a whole, where savings account balances rose 3 percent last year to $5,923.

Colorado ranked 45th among states for the average size of savings accounts, although it fared better, 19th, for the average balances in non-interest bearing checking accounts.

But even there, Colorado checking account balances declined -0.57 percent from $3,160 in 2010 to $3,142, while they rose 5.2 percent to $3,100 nationally.

Pitney Bowes Software examined data from more than 100 million U.S. commercial bank accounts for its survey.

Copyright 2012 The Denver Post. All rights reserved.

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