Rejected petition Ensure all Savings Interest Rates do not fall below Bank of England base rate

In an economic climate overshadowed by the recession, it seems that those wanting to save for the future are being penalised for doing so. With Interest rates at a minimal rate it's time the banks were made to re-evaluate practices & be made to keep rates above the BoE base rate now fixed at 0.5%

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

The UK Government and Parliament are not directly responsible for the rates of interest that individual banks choose to offer on their savings products.

The Government is, however, responsible for National Savings and Investments (NS&I). You could start a petition calling on the Government to offer, through NS&I, a savings product that was always fixed a certain amount above Bank rate.

We only reject petitions that don’t meet the petition standards.

Date submitted 13 February 2016
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