Innovative products attract borrowers
finance-advice
1 minute read

Innovative products attract borrowers

Innovative products attract borrowers

by webmaster | July 20, 2010 | 1 minute read

New research from independent market analyst Datamonitor has found that innovative product offerings successfully stimulated interest with first home buyers.

by webmaster
July 20, 2010

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ccording to Datamonitor’s research analyst, Anna Large, banks such as Standard Chartered have enjoyed significant year-on-year growth despite the downturn due to their flexibility and innovation.

The bank created the FamilyLink product in a bid to reward the first time buyers and their family for savings.

The product allowed family members of a mortgage customer to earn bonus interest by linking their deposit accounts, which can include multiple accounts with a different purpose, such as a savings account for a family member, or a payroll account for an employee.

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