Petition · past parliament
Make it law that savings interest rates go up same time as loans & mortgages.
Closed
33 signatures
What the petition asks
This last decade's rock-bottom interest rates cost savers at least £100 billion in interest, because banks are quick to raise rates on loans & mortgages after BoE hikes, but are reluctant to offer the same, timely hikes for savings. Savers see this as immoral an highway robbery on our High Streets.
Before the 2008 crisis, from 1998 to 2007, savers earned £233 billion in interest. Following it, from 2008 to 2017, they earned just £129 billion because banks fail to pass on rate rises announced by the BoE.
Interest rates cost savers at least £100 billion in interest payments https://dailym.ai/2ot5PJ3
Millions of savers are being hit by rip-off rates https://dailym.ai/2PzyEin
We request that our MP's debate this in Parliament and create a new law that will enforce timely equitable treatment for interest rates on savings and retrospectively make good the deficit.
Interest rates cost savers at least £100 billion in interest payments https://dailym.ai/2ot5PJ3
Millions of savers are being hit by rip-off rates https://dailym.ai/2PzyEin
We request that our MP's debate this in Parliament and create a new law that will enforce timely equitable treatment for interest rates on savings and retrospectively make good the deficit.
Timeline
| 3 Oct 2018 | Petition opened for signatures |
| 3 Apr 2019 | Closed to new signatures |
Key facts
Signatures
33
Status
Closed
Opened
3 Oct 2018
Closed
3 Apr 2019
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Source: the official petition page. Last checked 15 Jul 2026.