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Brits want 'more convenient' banking

01 March 2006
Most Britons feel they do not have enough time to keep on top of their finances, according to a new survey.

Consumers said that quicker and more convenient methods of financial planning might make the task easier, a survey by National Savings & Investments (NS&I) in collaboration with Tesco Personal Finance found.

Currently, just six per cent of Britons save using non-traditional personal finance channels, including supermarkets and internet-only accounts.

However, NS&I predicts this number will grow to 26 per cent within the next few years as society becomes even busier and more demanding.

In September, NS&I joined forces with Tesco Personal Finance in order to meet the growing consumer demand for non-traditional finance channels.

"Hectic lifestyles mean that we often find it difficult to keep on top of our finances and providers can help by making saving more accessible," said Trevor Bayley, NS&I's acting chief executive.

"We have teamed up with Tesco Personal Finance to do just this. The partnership will make it even more straightforward and easy for people to find out about our savings and investments, while carrying out their weekly shop."

Brochures for two of NS&I's tax-free bonds are currently available at Tesco stores around the country.

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