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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

savings account

    144an account, other than an account relating to a structured deposit, held for a banking customer:

    (a) on terms that interest or a dividend is to be paid on money standing to the credit of the account; and

    (b) which is not used for the execution of day-to-day payment transactions to third parties.