Have your say on government e-petitions

Limitation of bank interest rates

Submitted on Thursday 4th August 2011

Published on Monday 15th August 2011

Current status: Closed

Closed: Wednesday 15th August 2012

Signatures: 14

Tagged with

Economy ~ England ~ Law ~ Money

Petition Action

Limitation of bank interest rates

Additional Information

There should be a correlation between the bank of England's base rate and the maximum amount of interest charged by financial institutions. My personal belief is that no institution or individual should be permitted to charge more than 6% above the bank of England's base rate. This should apply to loans, overdrafts, motgages and credit cards. Likewise, no institution or individual should be permitted to pay more than 3% less than their interest charges to savers with accounts requiring notice of withdrawal.
My reason for this law is to ensure that the consumer has more available money to help keep our economy vibrant rather than helping to increase the profits of the bankers.


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

100.24.113.182 Sun, 29 Nov 2020 13:37:13 +0000