It is currently Sun 20 Sep 2020 07:42 GMT
Change font size

Money matters

Forcible closure of Coop Guernsey fixed term deposits

No, really... it does!
But does it matter more in Malta than at home?

NO ADVERTISING - financial services adverts belong in our classifieds section. Get-rich-quick schemes belong in the trash.

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: ... early.html
Posted by:
Site Admin
Posts: 14215
Joined: Sun 20 Aug 2006 18:35 GMT
Location: Republic of Gozo

Return to Money matters