Many seek long-term deals
19.08.2008
A growing number of people are seeking to find the most suitable long-term deals on financial products, rather than the best rates available now, it has been claimed.
In news which may interest people considering taking out loans, Lloyds TSB reports that 40 per cent of people claim to be focusing on their finances.
However, 22 per cent of people said they were continuing to "chase the best rates", compared with 66 per cent who claimed they were looking for financial deals that offer the best long-term solutions.
Catherine McGrath, director of current accounts at Lloyds TSB, said "rate tarts" are becoming few and far between.
"In the current uncertain economic climate, consumers are turning to brands they trust and are seeking good deals that last rather than headline grabbing rates which are only around for a short time then fade away," she remarked.
In related news, National Savings and Investments, recently urged savings account holders to ensure that their rate of interest matches the current level of inflation.
In news which may interest people considering taking out loans, Lloyds TSB reports that 40 per cent of people claim to be focusing on their finances.
However, 22 per cent of people said they were continuing to "chase the best rates", compared with 66 per cent who claimed they were looking for financial deals that offer the best long-term solutions.
Catherine McGrath, director of current accounts at Lloyds TSB, said "rate tarts" are becoming few and far between.
"In the current uncertain economic climate, consumers are turning to brands they trust and are seeking good deals that last rather than headline grabbing rates which are only around for a short time then fade away," she remarked.
In related news, National Savings and Investments, recently urged savings account holders to ensure that their rate of interest matches the current level of inflation.
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