Which savings accounts pay the worst rates?

Banks will have to implement seven-day switching and notify customers of rate changes

HSBC
(Image credit: Justin Tallis/AFP/Getty Images)

A number of banks and building societies have been 'named and shamed' for the poor rates they are offering on customer savings.

The Financial Conduct Authority, the financial services regulator, has been looking into the £700bn cash savings market for two years because of fears banks are profiteering from customer inertia by paying pitiful rates of interest.

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