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Individual Savings Accounts in the UK - Key Trends

Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, consumers those who can afford to save are starting to opt either for stocks and shares accounts or deciding to pay off long-standing debts with higher interest rates. Get Full Report at: http://www.researchbeam.com/individual-savings-accounts-in-the-uk-key-trends-and-opportunities-to-2018-market

BretSZavala
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Individual Savings Accounts in the UK - Key Trends

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  1. Individual Savings Accounts in the UK - Key Trends and Opportunities to 2018 (Type, Mode of action, Crop Type and Geography) - Size, Share, Global and China and China Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020 • TELEPHONE: +1 (855) 711-1555E-MAIL: help@researchbeam.com Published on : Oct 2014

  2. Report Overview ResearchBeam adds a report titled "Individual Savings Accounts in the UK - Key Trends and Opportunities to 2018". The report provides an in-depth study on the Individual Savings Accounts in the UK Market trends, opportunities and factors influencing the market. Synopsis Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, consumers those who can afford to save are starting to opt either for stocks and shares accounts or deciding to pay off long-standing debts with higher interest rates. The average rate offered on cash ISAs fell from 2.55% at the start of 2012 to 1.74% in February 2013, and to just 1.64% at the start of 2014. The average rates for savings accounts fell from 5.09% in 2008 and 1.48% in 2014, which highlights the impact of the recession and the availability of cheap funds for the banks.

  3. Report Overview Eight out of every 10 ISAs opened in FY2013–2014 were still cash ISAs however, as savers remained risk-averse, despite banks offering the worst interest rates on record. Stocks and shares ISAs are starting to recover however, following a substantial decline in the number for accounts from FY2010–2011 to FY2011–2012. The amount subscribed to stocks and shares ISAs has increased considerably since FY2009 from GBP12.5 million to GBP18.4 million - which suggests that a smaller percentage of wealthier people, who can afford the increased risk, are filling these ISAs to the limit. The BoE’s central bank rate has remained at 0.5% since 2009, providing banks with an unparalleled level of cheap funds, meaning that the banks have significantly less need to compete for funds from consumers. The introduction of the government’s Funding for Lending scheme providing up to GBP80.0 billion to major banks to subsidize mortgage lending has further reduced the banks’ need for funds, which has had a considerable impact on the savings market.

  4. Report Overview Summary • This report provides market analysis, information and insights into the UK ISA industry • It provides a breakdown of the different forms of ISAs in the UK • It analyses drivers and the outlook for the market • It provides information on the main banks in the UK market • It covers news and regulatory developments Reasons To Buy Gain an understanding of the UK ISA industry Enquire About Report: http://www.researchbeam.com/individual-savings-accounts-in-the-uk-key-trends-and-opportunities-to-2018-market/enquire-about-report

  5. Table of Contents Santander UK Plc, Royal Bank of Scotland Group Plc, HSBC Bank Plc, Barclays Plc, Lloyds Banking Group Plc, HSBC, Nationwide List Of Tables 1 Executive Summary 2 Introduction 2.1 What is this Report About? 2.2 Definitions 2.3 Methodology 3 Market Analysis 3.1 Market Size 3.1.1 Cash ISAs 3.1.2 Cash ISA Breakdown 3.1.3 Stocks and shares ISAs 3.1.4 Sight and time deposits

  6. FOR MORE DETAILS Enquire About Us at : http://www.researchbeam.com/individual-savings-accounts-in-the-uk-key-trends-and-opportunities-to-2018-market Stay With Us: 5933 NE Win Sivers Drive,#205, Portland, OR 97220United States • TELEPHONE: +1 (855) 711-1555E-MAIL: sales@researchbeaam.com

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