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

Submitted on Monday 20th June 2016

Rejected on Wednesday 29th June 2016

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

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

Petition Details

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.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

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.

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