Current Climate of Growth in UK Deposit Market Allows Clever Competitors to Gain a Foothold in the Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c42046) has announced the addition of Product and Pricing Trends in UK Deposits 2006 to their offering. This report analyzes the major product features and pricing trends of the UK retail deposit market, covering the following product categories: Ordinary savings accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: ; Regular savings accounts; Mini Cash ISAs; Current accounts with and without overdrafts; Foreign currency accounts: Offshore USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. accounts, offshore Euro accounts, onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. Euro accounts, and onshore Euro current accounts. Scope of this title: --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 ING Direct is a branchless direct bank with operations in Austria, Australia, Canada, France, Germany, Italy, Spain, United Kingdom and the United States. ING Direct is part of the ING Group. It offers services over the Internet, phone or by mail. 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 OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed, 2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. . Resulting from the increased competitive pressure, pricing levels on no-notice accounts have soared Reasons to order your copy: --Develop a comprehensive understanding of product features and pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. in the retail deposit sector --Benchmark your bank against its competitors in terms of product range and market share --Learn about potential corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or measures and strategies to steal market share from your competitors For more information visit http://www.researchandmarkets.com/reports/c42046 Source: Datamonitor |
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