Product category:
Savings and investment
News Release from: Moneysupermarket.com | Subject: Savings
Edited by the Insidemoneytalk Editorial
Team on 18 June 2007
moneysupermarket.com comment on the
launch of Coventry Bank's Sixty-Plus
eSave account
Commenting on the launch of Coventry Bank's Sixty-Plus eSave account, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said:
"Coventry's launch of its Sixty-Plus online savings account signals the start of a new era in silver saving" "The account offering a best buy rate of 6.2 per cent gross pa, fixed until March 2008, will increase competition in this once stagnant market"
This article was originally published on Insidemoneytalk on 13 Apr 2007 at 8.00am (UK)
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moneysupermarket.com comments on HSBC branch exclusively for its 'Premier' customers
Commenting on news that HSBC is to operate a branch exclusively for its 'Premier' customers, Kevin Mountford, head of savings and current accounts at moneysupermarket.com, said:
""The launch of this online-only product shows Coventry is responding to changes in how the over-60s shop for products.
Banks and building societies are recognising the mature consumer has taken to the web to find the best deals.
About 22 per cent of website visits in the UK are among the over 55s, second only to the 35-44 age-group.* "With more silver surfers than ever, providers are rethinking their approach, introducing innovative products to savvy seniors".
"For the mature market, this means more competition and a chance to shop around for the best deals." - Ends - Source: Hitwise (for the period from May 13 to June 9, 2007) 14 June 2007.
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