UK banking: price war will benefit most consumers

April 2005
MarketWatch: Financial Services;Apr2005, Vol. 4 Issue 4, p16
Market Research Report
The article reports on the competition between high street banks in Great Britain. The latest offering from Lloyds TSB Bank PLC is intended to attract new customers with its 50 pounds incentive. HSBC UK, on the other hand, offers an 8 per cent interest rate on its regular savings account. Other retail banks that dominate the account market include Barclays Bank PLC and Royal Bank of Scotland PLC. However, the price-aggressiveness of these banks may not offer long term benefits to customers.


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