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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.”

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

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We're pleased to partner with Redwood Bank to offer savings deposit accounts to Insignis’ SME and charity clients t… t.co/fi9WZEdxaZ

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There is plenty of time to open an Insignis account before the NS&I rate change to make the most of the wider marke… t.co/8IFfQP7Yd0

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Redwood Bank has launched a highly competitive one-year business savings account t.co/KXXE1t0B5L

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Interesting outlook discussion for 2020 from EY on Challenger Banks and market influences t.co/SKupbN18LY

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Great idea to start the savings journey early and break inertia in the marketplace. t.co/9KwzwpVXlT

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