FCA proposes basic savings rate for cash accounts

Option for basic savings rate

Jayna Rana
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One of the FCA's options to tackle 'price discrimination' is a basic savings rate
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One of the FCA's options to tackle 'price discrimination' is a basic savings rate

The Financial Conduct Authority (FCA) has published a discussion paper setting out a range of options to address price discrimination issues faced by customers in the cash savings market.

Its Discussion Paper comes in response to concerns that interest rates are lower on easy access cash savings products for longstanding customers than for those who shop around. The FCA is now ca...

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