1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Retail Banking Market Trends
  5. > Global Savings Map

Global Savings Map

  • April 2013
  • -
  • Verdict Financial
  • -
  • 27 pages

Banks have become highly dependent upon retail deposits at the same time as the global economic downturn has put real wages under pressure, meaning consumers have a lower ability to save. To acquire and maintain existing customer deposits in such a challenging environment, providers in each geographical market will need to improve their understanding of consumer behavior and attitudes to saving.

- Understand how monthly inflows and total savings pots vary across markets.
- Discover how to design your savings proposition to attract customers.
- Learn what strategies will be most effective for acquiring and retaining both higher value and lower value savers.
- Utilize recommended strategies to encourage customers to save more.

Reasons To Buy
- What strategies should you employ to attract high value and low value savers?
- How do the factors driving savings behavior vary across different countries and consumer segments?
- How can savers be segmented in different markets?
- How much do savers in global markets have in total savings?
- What are global savers' top financial priorities?

Key Highlights
There is a strong correlation between a country's public debt to GDP ratio and the proportion of consumers in that country that have managed to increase the size of their savings pot over the last six months. This finding is evidence that prevailing macroeconomic conditions are having a direct impact on consumers' ability to grow their savings.

Developed Asian economies have higher savings balances and are more likely to continue increasing their savings than developed Western economies. Building up savings is of lower importance to consumers in developed Western economies, as they put greater emphasis on maintaining savings at their existing level.

It is common for consumers to use the same savings account to save for a wide variety of goals. This can make it difficult to keep track of how they are progressing toward each goal. Therefore providers should help savers to split up the funds in an account by allocating different goals, with the ability to deposit and transfer money between goals.

Table Of Contents

Global Savings Map

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
The Global Wealth Market in 2016; Analyzing 69 country wealth markets worldwide.

The Global Wealth Market in 2016; Analyzing 69 country wealth markets worldwide.

  • $ 5250
  • Industry report
  • September 2016
  • by Verdict Financial

Summary The global wealth market is on a continuous growth path. Worldwide liquid onshore assets will exceed $100tn no later than 2017. But the market is not homogenous: rates and reasons for growth diffe ...

Future of Financial Services

Future of Financial Services

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Growth in FinTech is Shaping the Future of Invisible Finance & Virtual Banking The financial services industry is on the brink of disruption, as the use of technology poses a challenge to market players ...

IDC MaturityScape Benchmark: Omni-Experience Digital Transformation in Retail Banking in the United States, 2017

IDC MaturityScape Benchmark: Omni-Experience Digital Transformation in Retail Banking in the United States, 2017

  • $ 3960
  • Industry report
  • January 2017
  • by IDC

This IDC Financial Insights study is designed for IT and business leaders and functional leaders as well as their teams that are responsible for the creation and delivery of retail banking business ca ...

Mass Affluents: Channel Use In China

September 2016 $ 3450


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.