NewsBot
20-Feb-24, 23:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Big Banks Failing To Offer More Competitive Savings Rates, Updated Figures Show
https://caithness-business.co.uk/image_cache/na22802_tn.jpg
Analysis using the Moneyfacts Consumer Duty Audit Tool for Savings indicates that big banks are still failing to make their easy access rates more competitive, despite continued focus from the Financial Conduct Authority around Consumer Duty. The big banks' flexible easy access accounts* all remain in the bottom quartiles, and all now pay less than 2% on their easy access rates: Barclays Bank (third quartile), HSBC (third quartile), Lloyds Bank (bottom quartile), NatWest (third quartile) and Santander (third quartile). [Read Full Article (https://caithness-business.co.uk/article/22802)]
Big Banks Failing To Offer More Competitive Savings Rates, Updated Figures Show
https://caithness-business.co.uk/image_cache/na22802_tn.jpg
Analysis using the Moneyfacts Consumer Duty Audit Tool for Savings indicates that big banks are still failing to make their easy access rates more competitive, despite continued focus from the Financial Conduct Authority around Consumer Duty. The big banks' flexible easy access accounts* all remain in the bottom quartiles, and all now pay less than 2% on their easy access rates: Barclays Bank (third quartile), HSBC (third quartile), Lloyds Bank (bottom quartile), NatWest (third quartile) and Santander (third quartile). [Read Full Article (https://caithness-business.co.uk/article/22802)]