Petition Make it law that savings interest rates go up same time as loans & mortgages.

This last decade's rock-bottom interest rates cost savers at least £100 billion in interest, because banks are quick to raise rates on loans & mortgages after BoE hikes, but are reluctant to offer the same, timely hikes for savings. Savers see this as immoral an highway robbery on our High Streets.

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Before the 2008 crisis, from 1998 to 2007, savers earned £233 billion in interest. Following it, from 2008 to 2017, they earned just £129 billion because banks fail to pass on rate rises announced by the BoE.
Interest rates cost savers at least £100 billion in interest payments https://dailym.ai/2ot5PJ3
Millions of savers are being hit by rip-off rates https://dailym.ai/2PzyEin

We request that our MP's debate this in Parliament and create a new law that will enforce timely equitable treatment for interest rates on savings and retrospectively make good the deficit.

This petition is closed This petition ran for 6 months

33 signatures

Progress of the petition towards its next target: 33 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 3 April 2019
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