We use cookies to allow us and selected partners to analyse site performance to improve your experience and for advertising. By continuing to use this site you consent to our use of cookies as per our cookie policy which also explains how you can change your cookie preferences at any time.

Campaigns | Savings rates

Scrap the savings trap campaign media image 365286

Aims

  1. We want you to get the best deal for your savings
  2. So together we convinced the financial regulator to take action on savings accounts
  3. Savings providers will now have to be much clearer about interest rates, and switching accounts will be made quicker and easier

Case study corner

Alistair Anderson told us:

'In the days when savings accounts attracted decent interest rates, I discovered that Abbey National had been paying me interest of only 0.1%. The account had been discontinued and replaced by another that offered a competitive rate of interest. I only learned about this when I presented my passbook to be updated at the local branch. 

'I have been caught out in the same way on numerous occasions - once I discovered that I had an account paying only 0.05% interest.'

Take action

Our savings campaign is now closed

69,720
petition signatures
Help us reach 70,000