Cash savers to be helped
PLANS to make it easier to compare and switch cash savings accounts were announced by the City regulator after it found £160 billion of funds were earning the same or less than the 0.5 per cent Bank of England interest rate.
Following the study, the FCA wants to make it easier for consumers to compare accounts. Plans, to be consulted on over the next month, also include reducing the current 15-day switching time for cash ISAs.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here