Submitted on Saturday 13th February 2016
Rejected on Wednesday 17th February 2016
Current status: Rejected
Rejection code: irrelevant (see below for details)
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%
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 was always fixed a certain amount above Bank rate.
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