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The phrase "savings in" is correct and can be used in written English
It is typically used to refer to the amount of money that has been saved or the act of saving money. Example: The company saw significant savings in their production costs after implementing the new technology.
Exact(58)
Peasants store their pitiful savings in trinkets.
Here are my life savings in sterling.
That is a real savings in money".
"We should be making savings in welfare".
(Though Republicans counted the same savings in their budgets).
The savings in using Indian firms can be huge.
Anna invested all her savings in Agnes's performances.
They then draw down those savings in retirement.
It is nearly costless to safeguard savings in this way.
In effect, the savings in corruption would finance campaigns.
(Imagine if you could "buy savings" in a checkout line).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com