Interest Rates For Savers

EDM number 924 in 2009-10, proposed by Gregory Campbell on 24/02/2010.
Categorised under the topic of Financial services.

That this House notes the exceptionally low rates of interest being offered to savers by a range of banks and other financial institutions; also notes that for many institutions that offer higher rate savings accounts for a limited period, little or no effort is made upon the expiry of the offer to contact savers to ensure that the best rate then available to the saver is offered to them; and calls on all banks and building societies to adopt a pro-active approach which would attract savers confident in the knowledge that they would continue to get the best rates on offer.

This motion has been signed by a total of 30 MPs.