New Clause 2
Saving Gateway Accounts Bill
9:45 am
Jeremy Browne (Taunton, Liberal Democrat)
I am listening to the hon. Gentleman with interest and a lot of sympathy. Would he consider another valid point? To give people who hold saving gateway accounts a sense of what it is like to be a saver beyond the two-year period, it would be a good idea if the accounts bore some resemblance to a conventional savings account. People could see the little increments. Even the fact that the pounds do not round up, that there are a few pennies here and there and that it all looks like the money is growing in that incremental way will give the holders of these accounts, if they have no previous experience of saving, a sense of what it is like to have a conventional savings account. That may be beneficial as well.