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Finacial institutions to be limited to offer one Cash ISA rate

Submitted on Sunday 18th March 2012

Published on Monday 19th March 2012

Current status: Closed

Closed: Tuesday 19th March 2013

Signatures: 4

Petition Action

Finacial institutions to be limited to offer one Cash ISA rate

Additional Information

To prevent finacial institutions forever closing cash ISA products and paying a meagre rate of interest, before savers cotton on to the change, they should only be able to offer one cash ISA product, when they want to increase or reduce the interest offered, that should be the rate offered to new savers as well as exisiting borrowers. ISA's were meant to encourage savers, not fund the banks.


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