Banks being slow to pass on savings rates – Hunt
The chancellor says there is an “issue” with banks taking “too long” to pass on higher rates to savers. …
“It is taking too long for the increases in interest rates to be passed on to savers,” he said, adding things were particularly slow to those with instant access accounts. “The rates are more frequently being passed on to people who have fixed term, fixed notice accounts,” Mr Hunt said.
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