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executive director Richard Lloyd said true charging transparency would encourage more people to switch accounts.
Those with notice accounts may have to wait until the notice period is up before they can switch accounts.
George Parker and Elizabeth Rigby in the Financial Times (subscription) say the Tories are considering forcing banks to allow their customers to switch accounts instantly.
Savers who forget to take advantage of their right to switch accounts at this stage risk losing out.
And, he says, the industry can reach a deal within two years to make it easier for customers to switch accounts.
The CMA wants to push better comparison websites to encourage customers to switch accounts; banks will be obliged to adopt the necessary open-data software.
"There is a significant perception that it is difficult to switch accounts, but it is not as difficult as it used to be," agrees Glendinning.
The hope is that banks will be forced to make it easier for consumers to switch accounts and, indeed, understand which account is best.
So-called "rate tarts", who are wise to the tactic, simply switch accounts every year to ensure that they still get decent returns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com