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