Submitted on Monday 10th August 2015
Rejected on Friday 28th August 2015
Current status: Rejected
Rejection code: irrelevant (see below for details)
Increase interest rates for savings to 10% net for savings up to £200 000
Taxpayers have bailed out banks. Banks are now in a healthy state so it's high time savers got a decent return for their savings. Jobs are hard to find so a little income from savings would be useful. If the House of Lords can get £300 a day in expenses, then 10% for taxpayers' savings is reasonable
Interest rates have decreased each year. This is wrong when banks are getting stronger and more profitable thanks to the billions the taxpayers gave them. The banks owe the savers something.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
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 offered 10% interest on savings up to £200,000.
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