Static interest rates make competition tighter
With interest rates remaining static, the past six months have been a challenge to deposit takers to provide eye-catching products with the potential to squeeze the maximum return out of investments. This has necessitated careful cost management on the behalf of providers to ensure that products retain their competitiveness in a crowded market. Against this background, while standard deposits and fixed rates have continued to see strong steady growth, it is structured products that have really come to the fore. Such products are nothing new to Britannia International - we launched our...
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