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Essay / Research Paper Abstract
This 6 page paper examines services available with from an on shore bank, explaining what they are, how they work. After this the paper then explains how the bank manages the relationship with the customers balancing the needs of savers and borrowers. The bibliography cites 2 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEbanking.rtf
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Unformatted sample text from the term paper:
can look at the products and serves that they offer and then use this to explain the way in which the customer relationship works between a bank and its customers.
There are two main types of products that are offered which are basic banking products, these are bank accounts and loans. These are also broken down into a number
of sub categories depending on a number of aspects. We will look at the bank accounts that are offered. There are generally two types of bank account offered, current
accounts and savings accounts. The savings accounts are a simple connect. The customer has money that they will give to the bank; this is placed into an account. In return
for having the use f other money the bank will pay them a fee; the interest rate. The rate of interest that is paid to the account holder will depend
on many factors. The first will be the influence of the prevailing interest rates, the higher the base rates fro the central bank and the rates in the economy the
higher the rate that will be offered to the savers in these accounts. The other issues that will impact the interest rate offered will include the amount that is to
be saved either as a lump sum or as a regular commitment. The reason that savers will put money in the bank will be manifold. This transfers the risk
of loss to another party, the risk of losing cash held in a home may be high, the greater the amount the greater the risk of loss by accident or
theft. However, when it is in the home it is not earning money. When putting money into a savings account the saver does not have immediate use of the money,
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