We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help - Thought I had a Barclays 2008 7.5% ISA
hushpuppy
Posts: 169 Forumite
Hi all,
Last year following a MSE post I (thought) I opened an ISA with Barclays fixed at 7.5%. I have had a call this evening from Barclays asking what I wanted to do with the money when the ISA term was up in January, and when I confirmed the interest rate being paid I was told it was 6.6% not 7.5% I had expected.
I queried this with the Barclays rep but all they could confirm was the rate they had given my and the anniversary date of opening the product. I do recall that you had to open the ISA before the stated closing date, which I am sure I did.
Has anyone else encountered this problem, and is there anything I can do?
Thanks
Last year following a MSE post I (thought) I opened an ISA with Barclays fixed at 7.5%. I have had a call this evening from Barclays asking what I wanted to do with the money when the ISA term was up in January, and when I confirmed the interest rate being paid I was told it was 6.6% not 7.5% I had expected.
I queried this with the Barclays rep but all they could confirm was the rate they had given my and the anniversary date of opening the product. I do recall that you had to open the ISA before the stated closing date, which I am sure I did.
Has anyone else encountered this problem, and is there anything I can do?
Thanks
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body,
but rather to skid in sideways, thoroughly used up, totally worn out and loudly proclaiming ..... wow what a Ride!
but rather to skid in sideways, thoroughly used up, totally worn out and loudly proclaiming ..... wow what a Ride!
0
Comments
-
You could check this page and see if it details old rates / withdrawn products, for some reason it doesn't seem to open on my PC.
http://www.personal.barclays.co.uk/goto/pfs_currentrates
You need to check above vs the opening date for your ISA, perhaps they dropped the rate before your's went through? Check the T&C's you were sent when opening too. If this still doesn't explain where the discrepancy occurs write to them asking for an explanation of the discrepancy and if this doesn't help you can seek help from the Financial Ombudsman.
http://www.financial-ombudsman.org.uk/default.htm"Every Pounds A Prisoner "
"Loyalty to the Best Interest Rate"
:beer:0 -
I'm not aware that Barclays has an ISA paying 7.5% within the last year. Do you still have any paperwork that says the product's name?0
-
I'm pretty sure there was never a 7.5% account, unless it was a regular saver.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.5K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards