Barclays Bank Plc
Financial Ombudsman decision DRN1067414 Not upheld
Not upheldoutcome, as published by the Ombudsman
£50redress stated in the decision
—deadline to accept (not the decision date)
The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.
What this decision was about
Interest and rates, Product mis-sold
In the Ombudsman’s words
He also disputes the way that the bank has calculated compounded interest because he is worried that this will now have adverse tax implications for him.Interest and rates
Mr N complains that the terms and conditions of five year end of term bonds issued by Barclays Bank Plc were not properly explained and the product was unsuitable for his late mother, Mrs N.Product mis-sold
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN1067414.pdf on financial-ombudsman.org.uk.
The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.