Abstract: Basing on Irving Fisher's inter-temporal consumption theory, we analyze the significant level and contribution of factors affecting the urban and rural resident savings with the method of step-by-step regression. The result shows that incomings have remarkable positive effect on resident savings while nominal interest rate just has very weak negative effect on resident savings and real interest rate has very weak positive effect on resident savings. So the policy implication of this paper is that we should not adopt interest rate policy to transform savings into consumption.