Personal Saving

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 16 November 2010.

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Photo of Stephen Mosley Stephen Mosley Conservative, City of Chester 2:30, 16 November 2010

Recent research from Which? has highlighted the fact that savers are missing out on £12 billion a year by keeping their money in accounts that pay extremely low rates of interest. Would my hon. Friend consider encouraging banks to print the interest rate on bank statements in the same way that credit card companies have to print the rate that they charge on their statements, in order to help savers to identify whether they are getting a good deal from their bank account?