People are starting the new year with ambitious savings plans, contrasting with a tough 2010.
The highest proportion of people (40%) withdrew more than they saved last year, with 23% saying they withdrew over a quarter of what they had saved, figures from HSBC show.
By contrast, only 32% added to their savings pot; with just 15% saving a lot more than they withdrew.
Things are looking up, however, as the majority are more optimistic and ambitious about their savings habits for the coming year with 36% saying they expect to save more in 2011.
Younger savers will lead the charge when it comes to saving in 2011.
Those aged between 18 and 24 years old intend to save more next year (56%) closely followed by 25-34 year olds (50%).
However, in 2010, 34% of 18-24 year olds and 35% of 25-34 year olds withdrew more than they saved.
On the other hand, older savers are more likely to be saving less in 2011, blaming this on the rising cost of living. Over a third (34%) of people aged over 55 say they expect to save less in 2011, while just 22% intend to save more.
This age group has been most affected by the economy and low interest rates, with 29% claiming they will save less as they need the money for every day living costs and 12% claim they will save less because interest rates are currently so low.
"2010 was a difficult time for savers, and it is no great surprise that many people had to withdraw more than they put away into savings over the past year," said Richard Brown, head of savings at HSBC.
"In contrast it is encouraging to see that the reverse is true for 2011 as intentions to save for the coming year are positive with many planning to set aside more money into their savings pots."
Those planning on revitalising their savings in 2011 should begin at the Moneyfacts Best Buy tables.
For those looking to give their savings a short shock, the Post Office is offering a tasty rate of 3.00% on its one year bond.
With ISA season fast approaching, you may prefer to take out a cash ISA from Santander (2.85%) or Halifax (2.80%).
Find the best savings rates for you - Compare savings accounts
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