Petition · past parliament
To Freeze Interest on Current accounts/Bank Overdrafts
Rejected
10 signatures
What the petition asks
In today’s current climate, Covid 19 is a world terror threat worldwide.
. It affects the economy.
We would like The interest to be frozen on current accounts with overdrafts.
. It affects the economy.
We would like The interest to be frozen on current accounts with overdrafts.
The banks are hitting hard on the general public inflicting High Interest on their overdrafts, though we are nearly in a recession. COVID 19 is a global terror threat and nobody anticipated the scale it has reached and we have yet to reach the peak. This needs to be addressed immediately, with immediate affect, as People are getting into financial trouble paying these astronomical figures/interest that is placed on their account ya, even when food prices sore throughout the country.
Please Freeze interest to allow more income within the family to live in challenging conditions that we have in our current climate.
Please Freeze interest to allow more income within the family to live in challenging conditions that we have in our current climate.
Why it was rejected
There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.
You may wish to sign this petition calling for the same action.
Encourage lenders to suspend interest, fees and repayments during COVID-19: Encourage lenders to suspend interest, fees and repayments during COVID-19
Since starting this petition, many UK banks have announced measures to help people who are experiencing financial difficulties due to coronavirus. You should look at your bank's website or contact them directly to find out more.
You can read the Financial Conduct Authority's announcement on the temporary financial relief that banks can offer customers here: https://www.fca.org.uk/news/press-releases/fca-confirms-temporary-financial-relief-customers-impacted-coronavirus
You can find out more about coronavirus and how you can protect yourself and others here:
NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus
You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read correspondence with Government Ministers asking further questions: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
Encourage lenders to suspend interest, fees and repayments during COVID-19: Encourage lenders to suspend interest, fees and repayments during COVID-19
Since starting this petition, many UK banks have announced measures to help people who are experiencing financial difficulties due to coronavirus. You should look at your bank's website or contact them directly to find out more.
You can read the Financial Conduct Authority's announcement on the temporary financial relief that banks can offer customers here: https://www.fca.org.uk/news/press-releases/fca-confirms-temporary-financial-relief-customers-impacted-coronavirus
You can find out more about coronavirus and how you can protect yourself and others here:
NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus
You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read correspondence with Government Ministers asking further questions: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
Timeline
| 23 Mar 2020 | Petition opened for signatures |
| 15 Apr 2020 | Rejected by the Petitions Committee |
Key facts
Signatures
10
Status
Rejected
Rejected
15 Apr 2020
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Source: the official petition page. Last checked 15 Jul 2026.