THE GOVERNMENT SHOULD INTRODUCE HIGH RATE FIXED TERM SAVINGS ACCOUNTS FOR PEOPLE OVER 60

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THE GOVERNMENT SHOULD INTRODUCE HIGH RATE FIXED TERM SAVINGS ACCOUNTS FOR PEOPLE OVER 60

Additional Information

Because of historically low interest rates and the introduction of funding for lending, rates of interest on savings have dropped dramatically.

The government has focussed on youth unemployment and borrowers but has done nothing to ease the pain for elderly people living on the interest on their savings.

Elderly members of the community who were told to make provision for their old age by successive governments have been disadvantaged unfairly for doing what they were told to do.

We call for the Government to use it's ownership of banks to force the introduction of high interest fixed term savings accounts for people over 60.

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