• A  A  A  A  

Price discrimination in the cash savings market

by Insignis Cash Solutions in News

The FCA has recently published a discussion paper on the impact of implementing a basic savings rate to instant access savings accounts.

The proposal can be found here

Giles Hutson, CEO Insignis Cash Solutions issues his initial comments on the proposal:

“While important new dynamics have increased competition and therefore savings rates, having a  ‘base rate’ for savings would create a useful benchmark. Ultimately, those who actively manage their cash across institutions and maturities will most materially improve their returns.

“This is a positive move from the FCA for the savings market. Average rates for savers have been below inflationary figures for some time now and we welcome this initiative to help mitigate the current environment. Insignis welcomes any and all measures that help savers.”

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

FONT SIZE

  • A  A  A  A  

Press Contacts

Sally Maclachlan
sally.maclachlan@insigniscash.com
01223 200 674

TWITTER

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

Take the hassle out of switching bank accounts: Savings platforms prove a hit t.co/FkVtryz2Lr

Show Media
Tweet Media
Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

According to the latest Charity Financials report, 55% of Charities tend to stay with the same bank for 10 years.… t.co/XAKwOIB7GX

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

Challengers take a third of new banking revenue t.co/0RcHIvxBbX

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

BBC News - Cheaper food drives UK inflation lower in September t.co/RXGsg0FlDA

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

Variable savings rates see fifth rise in a row t.co/mlJ7lCh2Pt

As Featured In: