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Banks will now be penalised for poor savings rates in FCA crackdown
Nine of the biggest savings providers only passed through 28 percent of the Base Rate rise to savers between January and May.
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Alice haine
Financial conduct authority
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Savings accounts have lost over £4,000 in past 10 years due to abnormal inflation rate | Personal Finance | Finance
Latest figures show inflation was 6.27 percent higher than the average savings rate in May 2023.
United kingdom
Lucinda obrien
Kate anderson
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