Module 6 : Retail Banking Services and Products

Objectives Current and savings accounts Savings bonds and structured saving products Simple cash, basic, cash ISA accounts Easy access, regular deposit and fixed bonds Cheques, banker's drafts and overdrafts 6.1 Introduction Retail banks offer a range of services and products to their customers. The bank charges a fee to the customers for managing their money and keeping it secure. Banks also help grow the funds over a period of time. The pricing of banking product...