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The Independent UK
The Independent UK
Business
Vicky Shaw and Alastair Jamieson

£250bn sits in accounts earning no interest as regulator tackles poor rates for savers

PA Archive

Around £250bn is sitting in accounts that earn no interest, a regulator warned on Monday as it launched a plan to ensure banks are passing on interest rate rises to savers.

The Financial Conduct Authority (FCA) said its cash savings market review shows Britain needs to build more consumer financial resilience.

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