Which? executive director Richard Lloyd, said:
“For too long, banks and building societies have left customers languishing in poor value savings accounts so today’s move from the FCA is a significant win for savers and the 69,000 people who supported our Scrap the Savings Trap campaign.
“With many savers never switching because they don’t think it will make a difference, it’s good that the FCA has listened to our calls to make savings providers do more to help customers get a better deal.”
