Topical question asked in the House of Commons, by Tony Wright (Labour). It was answered on Tuesday, 15 December 2009 on behalf of the Treasury.
Topical Questions
- Question
- This is a difficult time for savers, and they are not being helped by the practice of banks that market savings accounts with a bonus attached to them without telling the savers when the bonus is going to fall away. Could we not require banks to provide that information?
- Answer
-
I am very much in favour of making more information available to savers—and, indeed, to borrowers—so that they can understand exactly what the terms and conditions are. I agree with my hon. Friend that, at times, those terms and conditions are not as clear as they should be. We want more people to save, and the best way to achieve that is to be very clear and up front about what the saver will get and when they will get it.
Secondary information
- Type
- Oral question
- Reference
- 502 c799
- Session
- 2009-10
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Standards Banks Competition
- Link
- View this Topical question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-01 15:14:38 +0000
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