The consumer advice centre of Saxony received this decision is largely right, as the OLG announced. The fifth civil Senate decided that the claims of the consumer are not time-barred. The limitation period begins with the termination of the savings contract. The interest recalculation could go back to 1994.

In the process, it went to interest rate adjustments in the premiums, savings contracts with the savings Bank of Zwickau. The consumer advice centre of Saxony complained, because the financial institutions contracts paid by the customer from the point of view of the consumer advocates for years, to little interest for Saving. According to information provided by the consumer is, on average, to 5800 Euro. More than 450 customers of the Sparkasse Zwickau joined the pattern for a declaratory judgment.

the reference rate must be determined individually

"We are pleased that the court of appeal followed the judgment today, in our legal opinion, again Essentially," explained Andreas Eichhorst of the Saxony consumer advice centre. For the entire duration of the contract is not correctly calculated, interest should be paid, therefore, downstream of said Eichhorst. With FOCUS Online the best checking accounts compare (display) current account comparison 2020: find The best account

Which is the reference interest rate to be applied, has not been defined by the court. The reason for this is that the special conditions were to take account of each individual Treaty and, therefore, a General finding forbid. The judgment is not yet final. Before the Federal court of Revision can be appealed to.

OLG Dresden was already 1300 customer from Leipzig, right

In the case of a further pattern-action suit against the County and the city of Leipzig has also been decided already. In this case, had signed up around 1,300 customers to the lawsuit. In April, the higher regional court in Dresden ruled in the first instance, that the interest clauses in the premiums, savings contracts with the savings Bank of Leipzig ineffective. The judgment in the view of consumer advocates, in Essence, confirmed. With FOCUS Online, the best money provider to find (display) To the current fixed-term Deposit comparison!

The consumer organization announced that it plans to still go with the pattern for a declaratory judgment because of the interest rate adjustment in premiums saving contracts to the Federal court of justice, in order to create complete clarity for consumers. The decision on the Wednesday was already the "second positive decision after the Leipzig verdict" and rewards savers give nationwide hope to receive your outstanding interest rates, said Eichhorst.

In the third case, the pattern statement has been approved lawsuit against the region, saving cash, but not yet negotiated. Around 1500 customers in support of the claim.

see also:

• savings banks throwing savers out: Who is affected - and how you fight back
• can save you from negative interest rates: savings Bank sends its own customers now to Fintech
• The complete list of the money killer: In the case of these banks pay negative interest rates
• you will lose thousands of euros: Savings Bank attracts customers with "Extra premiums" in the case of "thinks" Germany: Hartz IV, or toil - worth it Work in Germany? FOCUS Online "Hartz IV with six children is neat": "thinking of Germany": the Hartz IV program or toil - worth it Work in Germany? Users should take care: experts warn of Fake Corona Apps for PCP danger in front of the wrong Corona Apps: users should take care: experts warn of Fake-Corona-Apps

pom/AFP

Date Of Update: 18 June 2020, 15:26