Submitted on Monday 8th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th February 2012
Signatures: 13
Ensure banks display current interest rate on online savings accounts
Most banks appear deliberately to make it difficult for the user of an online savings account to find the current interest rate. We are usually directed to pages of information giving details of hundreds of similarly named accounts each with many variants depending on when opened etc. Legislation should oblige all banks to show the current interest rate on any savings account when the user logs in to it. It would be a trivial matter to implement.
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