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Money matters

Forcible closure of Coop Guernsey fixed term deposits

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Forcible closure of Coop Guernsey fixed term deposits

Postby gozomark » Tue 10 Dec 2013 13:33 GMT

Do you have fixed term deposits with Coop Guernsey, and have been told they will be closed with no compensation for the lower interest rate you will find at another bank ?

One such individual - whose case was reported in the Daily Mail This is Money column - has set up an email address and wants to contact people in the same boat as him. He lodged a claim in a Guernsey small claims court. That would have cost him no legal fees but the bank's lawyers lodged a counter claim to push the case into the higher court where of course if he loses the case he may be up for substantial legal fees.

His address is:
coop.action.group@live.co.uk

http://www.dailymail.co.uk/money/saving ... early.html
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gozomark
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