“I can see clearly now, the rate has gone”

The FCA (Financial Conduct Authority) has introduced new measures for savers with cash accounts.
The changes are designed to improve competition and improve the information savers receive from December 2016 providers will have to make clear the interest rate offered now together with a clear reminder of the interest rate at the end of the introductory rate.
THe FCA are also publishing data on the lowest interest rates offered by 32 providers of easy access savings accounts (including ISAs).Hopefully this will highlight the long term strategies of these firms to loyal customers.

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