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SAVINGS SUMMARY BOX

EDM (Early Day Motion) 1286: tabled on 02 April 2009

Tabled in the 2008-09 session.

This motion has been signed by 75 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House recognises that recent cuts in interest rates have led to a significant loss of income for many savers; condemns the fact that most savings statements do not clearly indicate the correct current interest rate of the account and that Bank of England interest rates have changed dramatically over the last six months, leaving many savers confused about the level of interest which they are receiving; notes that there is no technical barrier to publishing a bespoke rate; calls on the Financial Services Authority to give savers the same protection as credit card holders by mandating savings account providers to include a savings summary box in every online and paper statement; further calls on the Financial Services Authority to require that this summary box include the current bespoke interest rate, bonus rates including expiry date, penalties for withdrawal and lay out what institution the account is linked to for the purposes of the Financial Services Compensation Scheme; and anticipates that this simple step will greatly improve the transparency of many savings accounts, enabling hard-pressed savers to ensure they are maximising their savings.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Boswell, Mr Tim
Conservative
Signed on 20 May 2009
Daventry
Brake, Tom
Liberal Democrat
Signed on 5 May 2009
Carshalton and Wallington
Breed, Mr Colin
Liberal Democrat
Signed on 21 April 2009
South East Cornwall
Bruce, Malcolm
Liberal Democrat
Signed on 15 May 2009
Gordon
Burns, Mr Simon
Conservative
Signed on 14 May 2009
West Chelmsford
Burrowes, Mr David
Conservative
Signed on 1 June 2009
Enfield, Southgate
Cairns, David
Labour
Signed on 6 May 2009
Inverclyde
Campbell, Sir Menzies
Liberal Democrat
Signed on 24 April 2009
North East Fife
Carmichael, Mr Alistair
Liberal Democrat
Signed on 7 May 2009
Orkney and Shetland
Caton, Mr Martin
Labour
Signed on 21 April 2009
Gower
Clapham, Mr Michael
Labour
Signed on 14 May 2009
Barnsley West and Penistone
Cohen, Harry
Labour
Signed on 8 June 2009
Leyton and Wanstead
Corbyn, Jeremy
Labour
Signed on 23 April 2009
Islington North
Crausby, Mr David
Labour
Signed on 15 May 2009
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 21 April 2009
Keighley
Davey, Mr Edward
Liberal Democrat
Signed on 30 June 2009
Kingston and Surbiton
Davies, Dai
Independent
Signed on 23 April 2009
Blaenau Gwent
Dhanda, Mr Parmjit
Labour
Signed on 11 May 2009
Gloucester
Drew, Mr David
Labour
Signed on 24 April 2009
Stroud
Durkan, Mark
Social Democratic & Labour Party
Signed on 22 April 2009
Foyle
Etherington, Bill
Labour
Signed on 23 April 2009
Sunderland North
Featherstone, Lynne
Liberal Democrat
Signed on 22 April 2009
Hornsey and Wood Green
Gapes, Mike
Labour
Signed on 11 June 2009
Ilford South
George, Andrew
Liberal Democrat
Signed on 21 April 2009
St Ives
Gove, Michael
Conservative
Signed on 3 June 2009
Surrey Heath
Hands, Mr Greg
Conservative
Signed on 20 May 2009
Hammersmith and Fulham
Harris, Dr Evan
Liberal Democrat
Signed on 7 May 2009
Oxford West and Abingdon
Harvey, Nick
Liberal Democrat
Signed on 20 April 2009
North Devon
Holmes, Paul
Liberal Democrat
Signed on 22 April 2009
Chesterfield
Hughes, Simon
Liberal Democrat
Signed on 30 April 2009
North Southwark and Bermondsey
Hunter, Mark
Liberal Democrat
Signed on 22 April 2009
Cheadle
Jenkins, Mr Brian
Labour
Signed on 30 April 2009
Tamworth
Jones, Lynne
Labour
Signed on 20 April 2009
Birmingham, Selly Oak
Keetch, Mr Paul
Liberal Democrat
Signed on 18 May 2009
Hereford
Knight, Mr Greg
Conservative
Signed on 19 May 2009
East Yorkshire
Lazarowicz, Mark
Labour
Signed on 22 April 2009
Edinburgh North and Leith
Leech, Mr John
Liberal Democrat
Signed on 21 April 2009
Manchester, Withington
Leigh, Mr Edward
Conservative
Signed on 1 June 2009
Gainsborough
Lidington, Mr David
Conservative
Signed on 10 June 2009
Aylesbury
Mason, John
Scottish National Party
Signed on 23 April 2009
Glasgow East
McDonnell, John
Labour
Signed on 22 April 2009
Hayes and Harlington
McGovern, Mr Jim
Labour
Signed on 23 April 2009
Dundee West
McGuire, Anne
Labour
Signed on 12 June 2009
Stirling
Mercer, Patrick
Conservative
Signed on 12 October 2009
Newark
Miller, Mrs Maria
Conservative
Signed on 3 June 2009
Basingstoke
Naysmith, Dr Doug
Labour
Signed on 16 June 2009
Bristol North West
Newmark, Mr Brooks
Conservative
Signed on 14 May 2009
Braintree
Osborne, Sandra
Labour
Signed on 6 May 2009
Ayr, Carrick and Cumnock
Penning, Mike
Conservative
Signed on 14 May 2009
Hemel Hempstead
Price, Adam
Plaid Cymru
Signed on 22 June 2009
Carmarthen East and Dinefwr
Pugh, Dr John
Liberal Democrat
Signed on 24 April 2009
Southport
Rennie, Willie
Liberal Democrat
Signed on 20 April 2009
Dunfermline and West Fife
Riordan, Mrs Linda
Labour
Signed on 29 April 2009
Halifax
Robertson, Angus
Scottish National Party
Signed on 29 June 2009
Moray
Rowen, Paul
Liberal Democrat
Signed on 24 April 2009
Rochdale
Sarwar, Mr Mohammad
Labour
Signed on 8 June 2009
Glasgow Central
Simpson, Alan
Labour
Signed on 6 May 2009
Nottingham South
Starkey, Dr Phyllis
Labour
Signed on 14 May 2009
Milton Keynes South West
Stunell, Andrew
Liberal Democrat
Signed on 28 April 2009
Hazel Grove
Swinson, Jo
Liberal Democrat
Signed on 1 July 2009
East Dunbartonshire
Syms, Mr Robert
Conservative
Signed on 18 May 2009
Poole
Taylor, Ms Dari
Labour
Signed on 2 June 2009
Stockton South
Taylor, David
Labour
Signed on 21 April 2009
North West Leicestershire
Truswell, Mr Paul
Labour
Signed on 21 April 2009
Pudsey
Whittingdale, Mr John
Conservative
Signed on 1 June 2009
Maldon and East Chelmsford
Wicks, Malcolm
Labour
Signed on 18 June 2009
Croydon North
Williams, Mark
Liberal Democrat
Signed on 22 April 2009
Ceredigion
Williams, Mr Roger
Liberal Democrat
Signed on 15 May 2009
Brecon and Radnorshire
Williams, Stephen
Liberal Democrat
Signed on 22 April 2009
Bristol West

There are no withdrawn signatures for this motion.