Submitted on Sunday 20th November 2022
Rejected on Friday 25th November 2022
Current status: Rejected
Rejection code: irrelevant (see below for details)
Interest rates on variable & fixed saving account should be in line with the BOE
All banks in the UK should put their variable and fixed interest rates in line with the Bank Of England and have a cap on minimum deposits so everyone can access them. Too many banks are putting their deposits in the £10,000 region when they should all be from a £1. Giving everyone equal access.
The government should force the banks, to follow the Bank Of England interest rates and not be bellow them. They change mortgage rates quickly to be in line with the Bank Of England and they make sure their interest is the same as the Bank of England and or more than the BOE. Yet when it comes to savings accounts they are dragging their heels and putting it way bellow the base rate. Best on the market right now is 2.25% when it should be from 3% up.
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The Government e-Petitions Team gave the following reason:
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about the interest rates offered for savings accounts are a matter for individual banks, not the UK Government or Parliament.
18.116.40.188 Fri, 15 Nov 2024 03:45:37 +0000
