Abstract
Overview
Introduction
Analyzes the major product features and pricing trends of the UK retail
deposit market, covering the following product categories:Ordinary savings
accounts; Regular savings accounts; Mini Cash ISAs; Current accounts with and
without overdrafts; Foreign currency accounts: Offshore USD accounts, offshore
Euro accounts, onshore Euro accounts, and onshore Euro current accounts.
Scope
- Analysis of Ordinary savings accounts, Regular savings accounts, Mini Cash
ISAs, Current accounts with / without overdrafts, Foreign currency accounts
- Analysis of interest rates, product features, market size and market share
on deposit accounts is based on an extensive analysis of Moneyfacts data
- Provided by all UK-based banks and building societies
- From 2004 to 2006
Report Highlights
There has been a shift from sight deposits to time deposits, fuelled by the
increased use of direct access channels. And growing competition has put
margins under pressure
The market concentration of the top 10 and top 20 competitors remains very
high, but ING Direct has still been able to storm the top 10. This emphasizes
that consumers reward clever strategies with success
Long notice periods on ordinary savings accounts are becoming obsolete.
Resulting from the increased competitive pressure, pricing levels on no-notice
accounts have soared
Reasons to Purchase
- Develop a comprehensive understanding of product features and pricing
strategies in the retail deposit sector
- Benchmark your bank against its competitors in terms of product range and
market share
- Learn about potential corrective action measures and strategies to steal
market share from your competitors
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