If you don't ask you won't get!
While the UK financial sector has been in meltdown over the last 18 months there are signs of recovery in the property sector, credit cards and the mortgage market. However, even though we are seeing the injection of competition in these particular areas it appears that many UK consumers are still afraid to ask for the best deals. Remember, if you don't ask you won't get!
It is worth remembering that your bank will literally do anything to retain your investment business and your savings business for the future. As competition in the UK banking sector continues to rise this year will see a significant transfer of customer accounts between individual banks which can and will increase bank marketing budgets to make up any shortfall. It is highly possible that your current bank will look to match or at least improve specific investment terms and investment returns on an array of products in order to keep your business. If your bank loses you as a customer they will need to increase their marketing spend to attract someone to take your place which will be more expensive than softening their own charging structure in the short term. Ask them what they can do for you and you might be surprised!
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