2018-07-24

Added 2026-06-23 · Updated 2026-07-08

CP20/1: Introducing a Single Easy Access Rate for cash savings

The Financial Conduct Authority issued consultation paper CP20/1 to propose the introduction of a Single Easy Access Rate for cash savings products. This initiative aims to simplify the savings market by replacing complex tiered interest rate structures with a single, transparent rate for easy access accounts. The regulator seeks feedback on the potential benefits and implementation challenges of this standardized approach to enhance consumer understanding and competition.

United Kingdom

Financial Conduct Authority

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Discussion Paper: DP18/6

25/07/2018

Consultation opens: CP20/1

09/01/2020

Consultation stopped

04/11/2020

04/11/2020