More than one in three (34%) dog owners regularly save money specifically for dog-related expenses, according to new research commissioned by Leeds Building Society.

The study of UK dog owners found that many have opened dedicated savings accounts to help manage the costs of caring for their four-legged friends, from routine vet appointments and insurance excesses to treats, toys and unexpected emergencies.

The findings are released as Leeds Building Society announces that dogs are welcome in all of its 51 high street branches across the UK.

Among those dog owners who save specifically for their pets:

• 50% have a dedicated savings account or savings pot for dog-related expenses
• 65% save for vet bills
• 65% save for emergencies or unexpected costs
• 43% save to cover pet insurance excess payments
• 25% save for food
• 23% put money aside for grooming
• 23% save for toys and treats

The research also found that unexpected dog-related costs have had a significant impact on the finances of one in four (25%) owners.

When asked how they would pay for a large, unexpected pet expense, more than a third (35%) would draw on their general savings.

Many owners are making regular contributions to build a financial safety net for their pets. Nearly one in three (30%) of those who save for their dog put aside between £10 and £24 a month, while a further 33% save between £50 and £99 each month. Almost one in five (18%) save more than £100 every month.

Catherine Wray, Head of Savings at Leeds Building Society, said:

“Pets are much-loved members of millions of families across the UK, and like any family member they can sometimes bring unexpected costs. Whether it’s a visit to the vet, emergency treatment or just for treats, having money set aside can help provide valuable peace of mind.

“Using an ISA as part of your savings strategy can be a great way to build that safety net. Any interest earned within a cash ISA is tax-free, helping your money work harder while remaining easily accessible if you need it.

“I always recommend that savers start with whatever feels affordable. Regular contributions, even small amounts, can build up over time and create a useful buffer for future expenses.

“It’s also worth reviewing your savings regularly and thinking about your different goals. Some people choose to keep separate pots for holidays, home improvements or emergency funds, and we’re increasingly hearing from customers who have savings set aside specifically for their pets.

“As a dog-friendly building society, we’re always delighted to welcome customers and their four-legged companions into our branches.”