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PASSBOOK SAVINGS ACCOUNTS

EDM (Early Day Motion) 171: tabled on 12 June 2012

Tabled in the 2012-13 session.

This motion has been signed by 41 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 notes with concern the fact that UK banks offer lower interest rates on passbook savings accounts than they do on other accounts; further notes that these passbook accounts are popular with pensioners who value the certainty and security that they bring and who consequently are losing money without always realising that there are lower interest rates on such accounts; further notes that over half of passbook accounts are now paying less than one per cent interest; urges the Government to address the issue with banks where pensioners and other holders are being punished simply for using passbook accounts which have lower interest rates; and encourages the Government to implement an educational programme whereby pensioners and all passbook account holders are informed of the interest rates on passbook accounts and which outlines the other options available to them with better savings alternatives.

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.

Bottomley, Sir Peter
Conservative
Signed on 12 June 2012
Worthing West
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 13 June 2012
East Londonderry
Caton, Martin
Labour
Signed on 19 June 2012
Gower
Cooper, Rosie
Labour
Signed on 3 September 2012
West Lancashire
Crockart, Mike
Liberal Democrat
Signed on 19 June 2012
Edinburgh West
Dobbin, Jim
Labour
Signed on 13 June 2012
Heywood and Middleton
Dodds, Mr Nigel
Democratic Unionist Party
Signed on 20 June 2012
Belfast North
Donaldson, Mr Jeffrey M.
Democratic Unionist Party
Signed on 18 June 2012
Lagan Valley
Durkan, Mark
Social Democratic & Labour Party
Signed on 12 June 2012
Foyle
Edwards, Jonathan
Plaid Cymru
Signed on 13 June 2012
Carmarthen East and Dinefwr
Flynn, Paul
Labour
Signed on 20 June 2012
Newport West
George, Andrew
Liberal Democrat
Signed on 18 June 2012
St Ives
Godsiff, Mr Roger
Labour
Signed on 20 June 2012
Birmingham, Hall Green
Hancock, Mr Mike
Liberal Democrat
Signed on 13 June 2012
Portsmouth South
Hopkins, Kelvin
Labour
Signed on 18 June 2012
Luton North
Leech, Mr John
Liberal Democrat
Signed on 18 June 2012
Manchester, Withington
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 19 June 2012
Dwyfor Meirionnydd
MacNeil, Mr Angus Brendan
Scottish National Party
Signed on 13 June 2012
Na h-Eileanan an Iar
McCrea, Dr William
Democratic Unionist Party
Signed on 19 June 2012
South Antrim
McDonnell, Dr Alasdair
Social Democratic & Labour Party
Signed on 11 September 2012
Belfast South
McDonnell, John
Labour
Signed on 18 June 2012
Hayes and Harlington
Meale, Sir Alan
Labour
Signed on 13 June 2012
Mansfield
Morris, David
Conservative
Signed on 20 June 2012
Morecambe and Lunesdale
Osborne, Sandra
Labour
Signed on 21 June 2012
Ayr, Carrick and Cumnock
Ritchie, Ms Margaret
Social Democratic & Labour Party
Signed on 12 June 2012
South Down
Robertson, Angus
Scottish National Party
Signed on 13 June 2012
Moray
Rotheram, Steve
Labour
Signed on 18 June 2012
Liverpool, Walton
Roy, Lindsay
Labour
Signed on 20 June 2012
Glenrothes
Russell, Sir Bob
Liberal Democrat
Signed on 12 June 2012
Colchester
Shannon, Jim
Democratic Unionist Party
Signed on 13 June 2012
Strangford
Simpson, David
Democratic Unionist Party
Signed on 18 June 2012
Upper Bann
Stephenson, Andrew
Conservative
Signed on 20 June 2012
Pendle
Vaz, Valerie
Labour
Signed on 20 June 2012
Walsall South
Whiteford, Dr Eilidh
Scottish National Party
Signed on 13 June 2012
Banff and Buchan
Williams, Stephen
Liberal Democrat
Signed on 14 June 2012
Bristol West

There are no withdrawn signatures for this motion.