Interest Rates On Cash Isas
That this House notes the continuing problem of some banks paying absurdly low rates of interest on ISAs to customers; further notes that some banks such as Barclays, Halifax and Santander have a rate as low as 0.1 per cent. meaning that savers with £10,000 in an ISA receive the paltry sum of £10 per annum interest compared to some mutual building societies offering 3 per cent. resulting in savers getting thirty times more interest or £300 per annum for the same £10,000; commends those newspapers which have helped to highlight this disparity; and calls for more assistance to be given to consumers enabling them to switch providers more easily.
This motion has been signed by a total of 13 MPs.
|Gregory Campbell||06/04/2010||East Londonderry||DUP||Proposed|
|William McCrea||06/04/2010||South Antrim||DUP||Seconded|
|Jeffrey M Donaldson||06/04/2010||Lagan Valley||DUP||Seconded|
|David Simpson||06/04/2010||Upper Bann||DUP||Seconded|
|Andrew Pelling||06/04/2010||Croydon Central||Independent||Seconded|
|Peter Bottomley||06/04/2010||Worthing West||Conservative||Seconded|
|Mark Durkan||07/04/2010||Foyle||Social Democratic and Labour Party||Signed|
|Albert Owen||07/04/2010||Ynys M||Labour||Signed|
|Brian Iddon||07/04/2010||Bolton South East||Labour||Signed|
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