INTEREST RATES FOR SAVERS

Motion Text

That this House notes the exceptionally low rates of interest being offered to savers by a range of banks and other financial institutions; also notes that for many institutions that offer higher rate savings accounts for a limited period, little or no effort is made upon the expiry of the offer to contact savers to ensure that the best rate then available to the saver is offered to them; and calls on all banks and building societies to adopt a pro-active approach which would attract savers confident in the knowledge that they would continue to get the best rates on offer.