Co-Op member's account

Not sure if this is the right NG to discuss this but I have received today a letter from the Co-Op that they are no longer paying interest on share accounts and I should open a member's account with Co-Op bank and just leave £1 in the share account to keep voting rights. Does this sound like they are trying to shed eligible members in advance of something sinister? (I'm not going to as I took most of my savings out of the share account a long time ago when they merged with CWS)
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