House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
RSS Feed
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."