This statistic presents the responses of savings account holders regarding the necessary interest rate change that would motivate an account switch in the United Kingdom (UK) as of 2014, broken down by the potential new provider. The majority of respondents was unable to give a definite response. Among those who did, 14 percent of respondents said they would consider switching their easy accounts account to one managed by the main high street provider for an up to one percentage point difference in interest rates, whereas only 5 percent would switch to a less well known/regional provider for the same interest rate difference.
Expected interest rate difference for switching current savings account in the United Kingdom (UK) as of 2014, by provider
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Financial Conduct Authority. (January 20, 2015). Expected interest rate difference for switching current savings account in the United Kingdom (UK) as of 2014, by provider [Graph]. In Statista. Retrieved February 27, 2021, from https://www.statista.com/statistics/460721/savings-accounts-switching-interest-rate-incentivein-uk/
Financial Conduct Authority. "Expected interest rate difference for switching current savings account in the United Kingdom (UK) as of 2014, by provider." Chart. January 20, 2015. Statista. Accessed February 27, 2021. https://www.statista.com/statistics/460721/savings-accounts-switching-interest-rate-incentivein-uk/
Financial Conduct Authority. (2015). Expected interest rate difference for switching current savings account in the United Kingdom (UK) as of 2014, by provider. Statista. Statista Inc.. Accessed: February 27, 2021. https://www.statista.com/statistics/460721/savings-accounts-switching-interest-rate-incentivein-uk/
Financial Conduct Authority. "Expected Interest Rate Difference for Switching Current Savings Account in The United Kingdom (Uk) as of 2014, by Provider." Statista, Statista Inc., 20 Jan 2015, https://www.statista.com/statistics/460721/savings-accounts-switching-interest-rate-incentivein-uk/
Financial Conduct Authority, Expected interest rate difference for switching current savings account in the United Kingdom (UK) as of 2014, by provider Statista, https://www.statista.com/statistics/460721/savings-accounts-switching-interest-rate-incentivein-uk/ (last visited February 27, 2021)