Employers can easily help their employees save for a rainy day, leveraging the payroll system and direct deposit to automatically send a small percentage of their paychecks to a savings account.
Therefore some lenders have been putting up the cost of mortgages for borrowers who can put down only a small deposit.
The owners of the spread had instructed us to deposit our key in a small slot in the locked kitchen closet before leaving.
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"The mortgage market has reached a plateau with no real movement in the number of deal for borrowers with a small deposit, " said Michelle Slade at Moneyfacts.
Tombolo: accretionary deposit of sand or gravel joining a small islet or rock to a larger island or landmass.
They are, in effect, paying for them with newly created bank reserves and perhaps a small amount of newly created deposit money.
However, while it said raising a deposit was still the biggest barrier for all UK home buyers, the survey also pointed towards a small improvement in sentiment.
Cypriot government officials have said the new plan includes a smaller deposit grab to ease the pain on small savers, help from Russia, restructuring the country's troubled banks and raising money from domestic sources, including pension funds and subsidiaries of foreign banks active in Cyprus.
The 9.9% ceiling on the large-deposit tax means that small savers also had to take a hit.
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In addition, the Fed has taken unprecedented action to keep the cost of capital higher and the yield curve flatter by paying banks a small, but significant fee for reserves they deposit at the Fed.
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Another UK bank spends a small fortune running required monthly reports on who is covered by deposit insurance and how large the exposure is.
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Consumer advocates have criticized banks for playing games with customer accounts, like manipulating activity to levy overdraft penalties on the maximum number of small transactions, and then increasing them based on how long it takes for a deposit to post to an account.
Joerg Kraemer, chief economist at Commerzbank -- Germany's second-largest bank -- would expect the ECB to cut the deposit rate to negative territory before putting in place any other non-standard measures such as a loan scheme for small businesses.
But as Icesave grew, European authorities realised that Iceland's coffers were far too small to provide deposit insurance to savers, and that its central bank lacked reserves to act as a credible lender of last resort in the case of a run.
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