A new survey suggests that gender plays a part in defining how people manage their savings accounts and investments.

According to a report by credit reference agency CreditExpert, two-thirds of people have savings and investments across Britain.

However, it appears that men prefer to have a variety of investments and savings options at their disposal, with 32 per cent using a range of vehicles compared to 16 per cent of women.

Meanwhile, 58 per cent of men claim to be able to effectively manage their financing situation, as opposed to 45 per cent of the female population.

Jim Hodgkins, managing director of CreditExpert, commented on the findings.

It's encouraging to see that the majority of Brits claim to be financially savvy and careful with how they spend their money, he said.

It pays to keep tabs on your credit status, whatever your financial traits.

People looking to start saving money may wish to consider a range of vehicles, such as tax-free individual savings accounts, savings bonds and share investments.

Alternatively, they may prefer to put savings into a child trust fund, which can be accessed by children when the savings account matures on their 18th birthday.