Rejected petition Make Banks legally obliged to pay a proper interest rate to elderly

Banks move customers with eg ISAs down to a peppercorn rate of interest if they ever are not notified to put the investment into a new account.

This petition was rejected

Why was this petition rejected?

It’s not clear what the petition is asking the UK Government or Parliament to do.

It's not clear what you mean by "a proper rate of interest". You could start a new petition calling for banks to be required to notify their customers before their money is moved to an account with a lower interest rate.

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

Date submitted 20 June 2016
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