We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Mortgages > Mortgage Data

By Kevin White | Published Jun 13, 2012

High street banks losing out to mutuals: Greenlight

The 25-page Retail Banking report by media marketing agency Greenlight, found that independent websites and, in particular, the UK’s largest mutual, Nationwide, have overtaken the banks in terms of where consumers go to for their financial information.

Halifax, Nationwide and Barclays were the only three providers in the ‘most visible’ top five, which was calculated according to the most searched for websites and most visible natural search listings on Google UK.

The report said: “Nationwide saw its share of visibility increase by 7 percentage points, compared to January this year, and it ascended our league table from sixth to fourth place.”

By contrast, banking giant HSBC came last in the table of 20, with just 9 per cent of the share of visibility.

For mortgages, Nationwide showed even more consumer interest, with its share of visibility increasing by 15 per cent since the previous report, leaping up in the league table from sixth to third place, behind Moneysupermarket.com and Halifax.

In the social media category, Halifax was ranked as the most visible brand taken from Twitter, Facebook, Google+ and YouTube users, followed by Barclays, Lloyds TSB and Nationwide.

The report also showed that bank and savings accounts made up 25 per cent of the total 2.4m search keywords entered into Google. Mortgages stood at 30 per cent.

For specific search terms, “mortgage calculator” was the most popular, accounting for 13 per cent of all searches made, while searches for the term “credit card” were, at 5 per cent, at their highest levels since October 2011.

Graham Worrall, director of Dundee-based Cyber IFA, said: “Accessing financial services online is obviously a way forward for the industry.

“Our business is much more than just the marketing element online. Our website and advisory model is constructed very much like an internet bank in the way that a client can obtain advice through a web-based platform, and then communicate with us and view their investments or other financial products in a cyber-fashion.”

visible-status-Standard story-url-Greenlight 400 KW 14June.xml

Most Popular
More on FTAdviser