Thursday, November 12, 2009
UK Savers Offered Higher Introductory Bonuses
In an attempt to attract new and lock in existing savers, more and more British banks and building societies start to offer introductory bonuses to savers, says the research carried out an online financial comparison source, MoneyExpert. The research showed that an average introductory bonus now reaches 0.9%, which is 0.2% higher than an average instant access rate. The number of banks and building societies offering introductory bonuses has risen from 16% a year ago to 21% these days; savings accountsâ€™ providers have increased the size of introductory bonuses by 0.2% in the past year, while they have cut instant access savings rate by as much as 2%.