WHICH? REPORT ON THE GREAT BRITISH SAVINGS SCANDAL

That this House welcomes the recent Which? investigation, The Great British Savings Scandal, highlighting the 12 billion savings gap between the interest earned by savers in instant access and notice accounts compared with how much they could earn in the top best rate accounts; is dismayed that this leads to an average loss of 322 per year for Britain's savers; commends Which? for bringing this outrage to the attention of the House; and calls on the banks and building societies to publish current interest rates on all statements, provide each customer with an annual notice of savings interest rates and provide a prompt for savers to check their account rate against other accounts.