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Covid: Watchdog shelves plans to protect loyal savers

The Financial Conduct Authority has also dropped proposals to restrict exit fees paid by investors.

Savers have fewer products to choose from than at any time since before the last recession, research suggests.

The UK savings arm of the US giant says it needs to close its account to new customers due to regulations.

Nationwide is offering a prize draw to lure savers, but would it be better to choose higher rates?

Millions of savers who leave money in the same account for years should get a better deal, the regulator says.

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