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EDM (Early Day Motion) 1337: tabled on 13 May 2014

Tabled in the 2013-14 session.

This motion has been signed by 4 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 the recent report by Which? magazine outlining the ongoing problems being faced by people dependent on income from their savings; further notes that numerous financial institutions continue to have accounts, often known as zombie accounts offering 0.1 per cent interest, meaning that people, with on average £10,000 in these accounts, receive less than 20 pence per week in interest; and calls on each bank and building society offering these rates to existing savers to proactively market their more competitive accounts so that elderly savers, many of whom do not regularly monitor savings rates, can avail of a significantly better return.

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.

There are no withdrawn signatures for this motion.