Co-Op shareholders look set to lose out after a change in Government rules.
People holding shares in the Colchester and East Essex Co-operative Society will no longer be paid interest on share balances below £20.
From January 23, interest payable on share account balances of £20 or more will be 3.25 per cent gross of the whole balance.
Members have to own a minimum £1 shareholding in the society.
The Treasury has told the Co-operative Union the amount of withdrawable share capital within the Co-operative Movement should be reduced.
And the Co-operative Union has decided the most effective way of achieving this is to cut the amount of interest payable on share accounts.
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