Yorkshire Bank Binary Options

Yorkshire BankAlthough Yorkshire Bank is not a major banking institution in the United Kingdom, it is quite popular over there and boasts of a vast number of dedicated customers. It is probably not the other banks that have been hit and penalised for its misdemeanours in the past. It is undoubtedly one of the best banking companies if you are looking forward to placing trades in the binary options market.

Mentioned over here are some strengths and weakness we have said about Yorkshire Bank that you should read if you are looking forward to investing money in its shares. By reading this post, you will be able to base your trades properly.

Strengths

New Bank Switch Incentive – The bank is offering a financial bonus as a part of their objective to attract prospective clients and customers. The incentive will be for anyone who switches their current account from any other bank to Yorkshire Bank. The money offered is 150.00 which is quite lovely, and you can avail this nice bonus if you are having second thoughts on your present bank.

Personal Service – If you are one of the esteemed customers of Yorkshire Bank, you will experience that the bank tries its level best in offering the best and personal service to all its clients and customers. It has been one of the leading attractions of this banking firm, and all your needs are catered at a single place. The banking products are beautiful and you will never come across a situation where you are dissatisfied with its service.

Weaknesses

Not Many Branches – You should understand that Yorkshire Bank is not a very large banking institution and it is quite likely that the number of bank branches is on the lower side. Although the service is quite excellent, the bank is only having a handful of customers. If the bank wants to rise high, it needs to expand its business by opening new branches.

Business Customers – To become a prominent banking institution, Yorkshire Bank needs to crack the business bank account marketplace. The number of people using the service of this bank is nowhere near the customers of the reputed banks like HSBC, Barclays etc. The bank needs to work on its financial products if it wants to compete with the other major banks in the UK.

Short-Term Prediction

With some people switching their current accounts with their existing bank to Yorkshire Bank, we can easily anticipate that the share prices of this banking institution are likely to rise in the coming time. However, the increase in prices will be small but noticeable.

It is true that the share prices of this bank would not swing dramatically as in the case of Royal Bank of Scotland or HSBC bank. You should know that the movement of the share prices would be nominal and you will have to make your Binary Options trading plan accordingly.