Upcoming Events
Event Image
23Mar
Just Retirement seminar

Just Retirement is going on the road over the next few months. This seminar is in London.

Follow Us: Twitter

Market report

Retail bank savings to be king

23 September, 2008

Commenting on the conversion of Goldman Sachs and Morgan Stanley from investment banks into retail banks, Kevin Mountford, head of banking at moneysupermarket.com, said: "This move by Goldman Sachs and Morgan Stanley reinforces the fact that retail savings are now king.

"Regardless of possible future reductions in the bank base rate, the UK savings market is likely to remain strong with increased competition from overseas brands and more financial services institutions moving into this space for the first time.

"More choice can only be a good thing, enabling people to reduce their risk and ensure they get good returns on their savings."


Your Comments
 
0 Comment(s)

Have Your Say

Loading