Households are missing out on £23bn a year because banks are not passing higher interest rates to savers, a Sky News analysis shows.
Although mortgage holders have been hit with higher borrowing costs, banks have been slower to pass on rate rises to savers.
Politicians accused retail banks of taking advantage of rising interest rates to bolster their own margins at the expense of customers.
Source : Banks failure to pass on higher interest rates results in customers losing out on £23bn