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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.

United kingdomAlice haineFinancial conduct authorityEngland base rateBase rateConsumer dutyBank of england base rateSavings interest ratesSavings interest rates ukWorst savings ratesFca latestSavings latestSavings accounts ukBank of england interest rate

Nationwide Building Society raises interest rates for savers - full breakdown of changes | Personal Finance | Finance

Banks and other building societies, including Nationwide, have raised interest rates across their savings products.

United kingdomRate branch bondChild trust fundBuilding societyYear fixed rate branch bondNationwide building societyNationwide buildingInstant access saverFuture saverLoyalty saverLoyalty single accessTriple access onlineTriple access online saverFixed rate online bondFixed rate branch bondFixed rate

Martin Lewis urges Britons to ditch cash ISAs to get high savings interest rates | Personal Finance | Finance

The finance expert discussed the best way for savers to secure higher interest rates on The Martin Lewis podcast.

United kingdomMartin lewisLeeds building societyMoney saving expertMartin lewis podcastMartin lewis money showCtp videoAutoplay videoThe martin lewis podcastSavings accountsSavings interest ratesInterest ratesCash isa

Best savings accounts for June 2023 as banks raise interest rates to 6 15 percent | Personal Finance | Finance

Interest rates have skyrocketed over the last year due to action from the Bank of England which has benefited savers.

United kingdomLucinda obrienMonument bankChorley building society easy access cashChorley building society easy access saverBank savingsUnited trust bankBuilding society easy access saverSmart saverBoosted potE volve savingsNotice accountTrust bankNotice depositNotice account issueFixed term

Financial Conduct Authority orders savings providers to inform savers of best rates | Personal Finance | Finance

The new consumer duty will come into effect by the end of July and will force a significant cultural shift in the savings space.

Nikhil rathiFinancial conduct authorityTreasury committeeSavings interest ratesSavings latestSavings interest rates uk

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