Low savings accounts rates targeted

Press Association
Updated
Banks who rely on customer inertia to pay ultra-low interest rates on savings accounts are facing a potential crackdown from the City watchdog
Banks who rely on customer inertia to pay ultra-low interest rates on savings accounts are facing a potential crackdown from the City watchdog

%VIRTUAL-SkimlinksPromo%Banks who rely on customer inertia to pay ultra-low interest rates on savings accounts are facing a potential crackdown from the City watchdog.

The Financial Conduct Authority (FCA) is considering whether to intervene in order to boost competition within a market in which six providers hold roughly two-thirds of all cash savings balances in the UK.

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