FCA tells banks to offer small firms fairer savings rate The Financial Conduct Authority (FCA) is set to warn banks about exploiting small businesses by offering low interest rates on their deposits. A recent study revealed that small businesses are losing over £7.5bn annually due to deposits sitting in accounts with no interest, and are being offered worse rates compared to larger companies. The FCA believes that SMEs should be treated like individual customers and receive fair rates on savings. The regulator has already taken action to pressure banks to pass on interest rate rises to savers.