UK Deposit and Savings Accounts Market Size April 2013 | Researchmoz.us

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The Funding for Lending Scheme has so far been detrimental to savers. It has made banks less reliant on depositors’ money to fund borrowing, removing the incentive to offer really competitive savings rates.

Some questions answered in this report include:

Is competition increasing the savings market?
What types of savings accounts are consumers favouring?
How frequently are they saving?
Do consumers trust savings providers to look after their money?

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UK Deposit and Savings Accounts Market Size April 2013 | Researchmoz.us

  1. 1. Deposit and Savings Accounts - UK - April 2013The Funding for Lending Scheme has so far been detrimental to savers. It has made banks less reliant ondepositors’ money to fund borrowing, removing the incentive to offer really competitive savings rates.Some questions answered in this report include: Is competition increasing the savings market? What types ofsavings accounts are consumers favouring? How frequently are they saving? Do consumers trust savingsproviders to look after their money?table Of Contentintroduction report Scope And Product Definitions abbreviations executive Summary the Market theMarket Will Continue To Grow, Albeit Steadily figure 1: Forecast Of Retail Savings Balances, At CurrentPrices – Fan Chart, 2007-17 sub-sector Performance size Of The Saver Population market Factorspoor Savings Environment Acts As A Disincentive To Save low Confidence And Low Returns companies,Brands And Innovation largest Providers Of Savings Accounts figure 2: Providers’ Share Of TotalRetail Savings Balances, Shown On A Group Basis – Uk, 2012 brands Score Poorly On Trust AndDifferentiation figure 3: Attitudes Towards And Usage Of Selected Brands In The Deposit And SavingsAccount market, December 2012 online Account Management Has Become The Preferred Channel figure 4:Channel Most Used To Access Savings Account, By Type Of Account Held, January 2013 savings ProvidersCut Back Adspend In 2012 the Consumer two Fifths Of Savers Hold More Than One Savings Account anEasy-access Account Is The Most Popular Cash Savings Product figure 5: Ownership Of Cash SavingsProducts, By Type Of Account, January 2013 a Quarter Of Adults Save Every Month Without Fail figure 6:Saving Frequency, January 2013 savings Intentions Over The Coming Six Months figure 7: AmountExpected To Save Within The Next Six Months Relative To The Previous Six Months, january 2013 moreThan A Quarter Of Savers Are Considering Alternative Places To Invest Their Cash figure 8: AgreementWith Statements About Saving And Savings Accounts, January 2013 what We Think issues In The Market isCompetition Increasing The Savings Market? what Types Of Savings Accounts Are Consumers Favouring?how Frequently Are They Saving? do Consumers Trust Savings Providers To Look After Their Money? trendApplication trend: Fstr Hypr trend: Prove It mintel’s Futures: Access Anything, Anywhere marketDrivers key Points savers Are Being Penalised By A Low Base Rate And High Inflation figure 9: AverageAnnual Changes In The Bank Of England Base Rate, Cpi And Rpi – Uk, 2004-13 negative RatesMooted But Very Unlikely online Accounts Offer Better Rates Of Return Than Their Branch-basedEquivalents figure 10: Average Monthly Quoted Branch-based Deposit Interest Rates, January 2006-january2013 introduction Of Fls Has Further Depressed Savings Rates… …and Reduced ProductAvailability economic Downturn Prompted Rise In The Savings Ratio… figure 11: Gross HouseholdSavings And Saving Ratio, Seasonally Adjusted And At Current Prices, 2001-12 …though ThisDoesn’t Necessarily Mean People Are Saving More wider Economic Backdrop household IncomeSqueeze Will Remain A Key Feature Of 2013 figure 12: Monthly Change In Rpi And Average WeeklyEarnings, January 2008-december 2012 ongoing Eurozone Debt Crisis Threatens To Further UndermineConfidence consumer Sentiment Languishes In Negative Territory figure 13: Gfk Consumer ConfidenceDeposit and Savings Accounts - UK - April 2013
  2. 2. Barometer – Uk, January 1989-january 2013 both Saving And Spending Confidence Remain Weakfigure 14: Saving And Spending Confidence, March 2001-september 2012 two Fifths Of People Have‘added To Their Savings’ In The Past Three Months… figure 15: Usage Of DisposableIncome – Recent Past And Near Future, January 2013 …but Savings Intentions Have RecededOver The Past Few Months figure 16: Cash Deposit Intentions, March 2006-december 2012 more People AreMotivated To Save By Short-term Materialistic Goals Than A Desire To Ensure A comfortable Retirementfigure 17: Main Reasons For Saving, February 2012 competitive Context key Points cash Isas: Both A RivalAnd A Variant Product figure 18: Value Of New Isa Subscriptions, 2006/07-2011/12 far Fewer People HoldEquities Than Cash Savings figure 19: Ownership Of Savings And Investments, By Asset Type, November2012 improved Stockmarket Performance Could Attract Disillusioned Savers figure 20: Ftse 100 And FtseAll-share – Daily Index Movements, January 2004-february 2013 market Swot Analysis figure 21:Retail Savings Accounts – Swot Analysis, 2013 who’s Innovating? key Points improvedFunding Situation Reduces Incentive To Innovate the Banks Are Putting Greater Focus On Their CurrentAccounts… santander’s 123 Current Account m&s Bank Launches Premier Current Accountlloyds Tsb’s Vantage Offer nationwide Enters The Packaged Account Market …and ExistingCustomers market Size And Forecast key Points retail Deposits Increase By 5% In 2012 figure 22: RetailSavings Balances, By Sector, 2003-12 more Money Flowing Into Time Accounts, As Savers Seek To BolsterTheir Returns figure 23: Volume And Value Of Individual Interest-bearing Current And Deposit Accounts(mbbgs only), 2003-11 a Sizeable Customer Base figure 24: Estimated Number Of Retail Savers In The Uk,By Type Of Account, January 2013 very Steady Growth Trend Is Forecast To Continue figure 25: ForecastOf Retail Savings Balances, At Current Prices – Fan Chart, 2007-17 figure 26: Forecast Of TotalRetail Savings Balances, 2012-17 forecast Methodology fan Chart Explanation market Share key Pointshalifax Is The Leading Brand In The Retail Savings Account Market figure 27: Ranking Of Largest ProvidersOf Savings Accounts, By Proportion Of Customers, January 2013 provider Rankings Based On Overall RetailSavings Balances figure 28: Providers’ Total Retail Savings Balances, Shown On A Group Basis– Uk, 2010-12 companies And Products lloyds Banking Group figure 29: Key Annual Financial DataFor Lloyds Banking Group, 2011 And 2012 nationwide Building Society figure 30: Key Interim FinancialData For Nationwide Building Society, H1 2011 And H1 2012 santander figure 31: Key Annual FinancialData For Santander Uk, 2011 And 2012 barclays figure 32: Key Annual Financial Data For Barclays Plc,2011 And 2012 hsbc figure 33: Key Annual Financial Data For Hsbc Bank Plc, 2011 And 2012 rbs Groupfigure 34: Key Annual Financial Data For Rbs Group, 2011 And 2012 brand Research brand Map figure 35:Attitudes Towards And Usage Of Selected Brands In The Deposit And Savings Account market, December2012 correspondence Analysis brand Qualities figure 36: Brand Attributes And Qualities, By SelectedBrands Operating In The Deposit And Savings market, December 2012 brand Personality figure 37: DepositAnd Savings Account Brand Personality – Macro Image, December 2012 figure 38: Deposit AndSavings Account Brand Personality – Micro Image, December 2012 brand Experience figure 39:Usage Of Brands Operating In The Deposit And Savings Market, December 2012 figure 40: Satisfaction WithVarious Brands Operating In The Deposit And Savings Market, December 2012 figure 41: Consideration OfBrands That Operate In The Deposit And Savings Market, December 2012 . 74 figure 42: ConsumerPerceptions Of Current Brand Performance Of Selected Brands Operating In The deposit And Savings Market,December 2012 figure 43: Deposit And Savings Account Brand Recommendation – Net PromoterScore, December 2012 brand Index figure 44: Deposit And Savings Account Brand Index, December 2012figure 45: Deposit And Savings Account Brand Index Vs. Recommendation, December 2012 target GroupDeposit and Savings Accounts - UK - April 2013
  3. 3. Analysis figure 46: Target Groups, December 2012 figure 47: Usage Of Brands Operating In The DepositAnd Savings Market, By Target Groups, december 2012 group One – Conformists group Two– Simply The Best group Three – Shelf Stalkers group Four – Habitual Shoppers groupFive – Individualists brand Communication And Promotion key Points 2012 Sees Sharp Fall InIndustry Adspend figure 48: Total Advertising Expenditure On Cash Savings Products, 2008-12 in 2012Savings Providers Spent More On Their Brands figure 49: Total Advertising Expenditure On Cash SavingsProducts, By Product Type, 2008-12 tv Claimed The Largest Share Of Sector Adspend In 2012 figure 50:Distribution Of Adspend On Cash Savings Products, By Media Type, 2010-12 halifax Was Once Again TheHighest-spending Advertiser In The Savings Account Market In 2012… figure 51: Top Ten AdvertisersOf Savings Accounts (excluding Cash Isas), 2010-12 …while Sister Brand Lloyds Tsb Invested TheMost In The Cash Isa Market figure 52: Top Ten Advertisers Of Cash Isas, 2010-12 channels To Market keyPoints greater Focus On Remote Channels Underpins Steady Decline In The Uk Branch Network figure 53:Uk Bank And Building Society Branch Networks, 2003-11 most Savers Access Their Accounts Onlinefigure 54: Channel Most Used To Access Savings Account, By Type Of Account Held, January 2013 numberOf Accounts Held And Switching Activity key Points many People Hold Multiple Savings Accounts figure55: Number Of Savings Accounts Held, 2009-12 fairly Stable Customer Churn figure 56: Percentage OfSavers Who Have Opened A New Savings Account Within The Past 12 months, 2009-12 types Of SavingsAccount Held key Points survey Background roughly Four In Five Uk Adults Have Some Form Of CashSavings Product figure 57: Ownership Of Cash Savings Products, February 2012 And January 2013 over-55sAre Most Likely To Have Savings… figure 58: Ownership Of Cash Savings Products, By Gender AndAge, January 2013 …due To Their Greater Wealth Accumulation figure 59: Value Of InvestibleAssets, By Gender And Age, January 2013 fixed-term Bonds And Tax-exempt Savings Products StronglyAppeal To Those With Substantial assets figure 60: Ownership Of Cash Savings Products, By Value OfInvestible Assets, January 2013 recent Saving Activity And Future Plans key Points one In Four Adults AreManaging To Save Every Month Without Fail figure 61: Saving Frequency, By Type Of Savings ProductOwned, January 2013 customers Who Are Planning To Save More Over The Next Six Months Are Offset ByThose Who expect To Save Less figure 62: Saving Intentions Over The Next Six Months, By Type OfSavings Product Owned, January 2013 customer Experience key Points one In Four Have Been TreatedPoorly Or Unfairly By Their Savings Account Provider figure 63: Frequency Of Experiencing Poor CustomerService Within The Past Two Years, January 2013 customer Detriment Is Most Common Among NoticeAccount Holders figure 64: Frequency Of Experiencing Poor Customer Service Within The Past Two Years,By Type Of savings Account Owned, January 2013 nationwide Has The Best Customer Service Recordfigure 65: Frequency Of Experiencing Poor Customer Service Within The Past Two Years, By Savingsaccount Provider (top Seven Only), January 2013 attitudes Towards Saving And Savings Accounts keyPoints most Savers Are Disappointed By The Rates Of Returns They Are Getting figure 66: Agreement WithStatements About Saving And Savings Accounts, January 2013 fixed-term Bond Holders Are The MostDisillusioned figure 67: Agreement With Statements About Saving And Savings Accounts, By Type OfAccount Held, january 2013 a Large Minority Of Savers Think It’s Unsafe To Keep Savings At OneBank figure 68: Level Of Agreement With Statements About Saving And Savings Accounts, By Value Ofinvestible Assets, January 2013 appendix – Market Size And Forecast total Market Forecast –Best- And Worst-case Scenarios figure 69: Forecast Of Total Retail Savings Balances – Best- AndWorst-case Scenarios, At Current prices, 2012-17 market Forecast By Sector figure 70: Forecast Of TotalRetail Savings Balances, By Sector, At Current Prices, 2007-17 bank Sector Forecast figure 71: Forecast OfDeposit and Savings Accounts - UK - April 2013
  4. 4. Retail Savings Balances – Bank Sector Only, At Current Prices – Fan Chart, 2007-17 figure 72:Forecast Of Total Retail Savings Balances – Bank Sector Only, 2012-17 figure 73: Forecast Of BankSector Retail Savings Balances – Best- And Worst-case Scenarios, At current Prices, 2012-17 mutualSector Forecast figure 74: Forecast Of Retail Savings Balances – Mutual Sector Only, At CurrentPrices – Fan Chart, 2007-17 figure 75: Forecast Of Total Retail Savings Balances – MutualSector Only, 2012-17 figure 76: Forecast Of Mutual Retail Savings Balances – Best- And Worst-caseScenarios, At Current prices, 2012-17 ns&i Sector Forecast figure 77: Forecast Of Retail Savings Balances– Ns&i Sector Only, At Current Prices – Fan Chart, 2007-17 figure 78: Forecast Of TotalRetail Savings Balances – Ns&i Sector Only, 2012-17 figure 79: Forecast Of Ns&i Retail SavingsBalances – Best- And Worst-case Scenarios, At Current prices, 2012-17 forecast Methodology fanChart Explanation appendix – Brand Research figure 80: Brand Usage, December 2012 figure 81:Brand Commitment, December 2012 figure 82: Brand Momentum, December 2012 figure 83: BrandDiversity, December 2012 figure 84: Brand Satisfaction, December 2012 figure 85: Brand Recommendation,December 2012 figure 86: Brand Attitude, December 2012 figure 87: Brand Image – Macro Image,December 2012 figure 88: Brand Image – Micro Image, December 2012 figure 89: Profile Of TargetGroups, By Demographics, December 2012 figure 90: Psychographic Segmentation, By Target Groups,December 2012 figure 91: Brand Usage, By Target Groups, December 2012 brand Index figure 92: BrandIndex, December 2012 appendix – Ownership Of Savings Accounts figure 93: Ownership Of CashSavings Products, By Demographics, January 2013 appendix – Value Of Investible Assets figure 94:Value Of Investible Assets, By Demographics, January 2013 appendix – Customer Profiles For TheTop Seven Providers figure 95: Comparison Of Customer Profiles For The Top Seven Providers Of SavingsAccounts, By demographics, January 2013 appendix – Recent Savings Activity And Future Plansfigure 96: Saving Frequency, By Demographics, January 2013 figure 97: Saving Frequency, By Value OfInvestible Assets, January 2013 figure 98: Saving Intentions Over Next Six Months, By Demographics,January 2013 figure 99: Saving Intentions Over The Next Six Months, By Value Of Investible Assets,January 2013 figure 100: Saving Intentions Over Next Six Months, By Provider Of Easy-access SavingsAccount (top Seven Only), January 2013 appendix – Customer Experience figure 101: Experience OfPoor Customer Service Within Past Two Years In Relation To Savings accounts, By Demographics, January2013 appendix – Attitudes Towards Saving And Savings Accounts figure 102: Agreement WithStatements About Saving And Savings Accounts, By Demographics, january 2013 figure 103: AgreementWith Further Statements About Saving And Savings Accounts, By demographics, January 2013 figure 104:Level Of Agreement With Statements About Saving And Savings Accounts, By Account provider (top SevenOnly), January 2013 uk Research Methodology consumer Research sampling And Weighting definitionsqualitative Research trade Research informal formal desk Research statistical Forecasting europeanResearch Methodology.An online research report(http://www.onlineresearchreports.com/) is a one step solution to your marketresearch needs. We are engaged in the business of preparing the customized research reports on differentindustries including food and beverages, pharmaceuticals, medical, and electronics among others.We have ateam of Research Analysts with complete understanding of the current market trends and major marketplayers. Our research reports are based on the requirements of our clients; however, we also preparesyndicated research reports on emerging markets.Deposit and Savings Accounts - UK - April 2013
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