FCA proposes basic savings rate

FCA proposes basic savings rate | moneyfacts.co.uk

The FCA has today published a discussion paper that seeks to address price discrimination in the cash savings market. One of its main proposals is the introduction of a basic savings rate. which could help those languishing in low-paying deals.

The financial regulator has today published a discussion paper that seeks to address price discrimination in the cash savings market. One of its main proposals is the introduction of a basic savings rate. which could help easy access customers languishing in low-paying accounts.

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