Coventry 60 Day Notice ISA (3) after 31 Dec? 28 December 2013 at 3:09PM edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings 4 replies 1.2K views

shortcrust

Does anyone know what's happening with the rate on this ISA after 31 December. The 2.8% is guaranteed until then so I'd expected to have heard something about a cut by now.

spexs

shortcrust wrote: »

Does anyone know what's happening with the rate on this ISA after 31 December. The 2.8% is guaranteed until then so I'd expected to have heard something about a cut by now.

I opened my ISA in Feb 13. I've received a letter (29/11/13) saying the 0.6% introductory bonus will finish on 5 Feb 2014 and the rate from 6 Feb will be 2.2%

shortcrust

Thanks, that's interesting. So it sounds like the underlying rate isn't being cut yet. I opened mine at the end of March 2013 and will be very pleased if I get the 2.8 for a full 12 months.

DesG

I got a letter today saying that the bonus would be stopping on the anniversary of account opening (early march).

So it seems you get the bonus for 1 year.

I'm trying to work out how to get this transferred without losing isa status or 60 days interest, there is no mention in the literature about how to go about transferring

I assume I have to give them notice 2 months before I want the transfer, and then hope that the receiving isa makes the request in the 14 day 'withdrawal' window they allow you.

anyone else done this yet?


Also noticed they have a Reward ISA for existing ISA customers at 2.5% which isn't too bad.

Cheers, Des.

ceredigion

DesG wrote: »

I got a letter today saying that the bonus would be stopping on the anniversary of account opening (early march).

So it seems you get the bonus for 1 year.

I'm trying to work out how to get this transferred without losing isa status or 60 days interest, there is no mention in the literature about how to go about transferring

I assume I have to give them notice 2 months before I want the transfer, and then hope that the receiving isa makes the request in the 14 day 'withdrawal' window they allow you.

anyone else done this yet?


Also noticed they have a Reward ISA for existing ISA customers at 2.5% which isn't too bad.

Cheers, Des.

"If you're an existing Coventry customer who held a cash ISA with us at the end of 4 February 2013, ISA Reward could be for you."




No good then oh well