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Coventry Poppy ISA
kalsha
Posts: 1,128 Forumite
I opened the Coventry Poppy Isa in April 2013 when the rate was 2.6% in the first year and 2% in second year.
The 2 years are now up.
If I leave the money there, what rate will I be getting now? It says variable but I don't understand what that is. Will I continue to get 2%? Can someone confirm that please.
If I am getting 2% I am thinking of leaving the money there rather than moving it - just want less hassle. The idea was to consolidate all the accounts into one but that never seems to work out due to different timings.
The 2 years are now up.
If I leave the money there, what rate will I be getting now? It says variable but I don't understand what that is. Will I continue to get 2%? Can someone confirm that please.
If I am getting 2% I am thinking of leaving the money there rather than moving it - just want less hassle. The idea was to consolidate all the accounts into one but that never seems to work out due to different timings.
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Comments
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I opened the Coventry Poppy Isa in April 2013 when the rate was 2.6% in the first year and 2% in second year.
The 2 years are now up.
If I leave the money there, what rate will I be getting now? It says variable but I don't understand what that is. Will I continue to get 2%? Can someone confirm that please.
If I am getting 2% I am thinking of leaving the money there rather than moving it - just want less hassle. The idea was to consolidate all the accounts into one but that never seems to work out due to different timings.
I've also got one. The rate is still showing as 2% with no indication of if (or when) it might be cut. So I'm leaving it there until they do announce a rate cut - if they do.0 -
thank you badger09. Will keep an eye on it if it is variable.
2% at the moment sounds reasonable.0 -
I was also waiting for an indication of the new rate and could only find the 2% notice so have also decided to leave it there for another year.0
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I'm also leaving it at 2%. I opened a 2014-15 ISA will Coventry also. Am tempted to transfer older ISAs in, to have everything neatly in one place, but couldn't see a good rate.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Is it really still 2%. It's one of the closed accounts now so I believe you can't add to it.0
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Is it really still 2%. It's one of the closed accounts now so I believe you can't add to it.
Yes it is 2% and yes you can't add to it.
http://www.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=POPI1&CTALinks=False
Though they do have a new ISA that is paying 2.1% but is fixed to end May 2019 so may not suit everyone.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Coventry just announced that the rate on Poppy ISA is reducing from 2% to 1.75% from 1 July 2015.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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1.75% isn't terrible in this day and age and being as I'm being made redundant in September I'm reluctant to tie my savings up too much so I'll stick with this account and live with the £15 a year loss!0
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Thanks silvercar. Just had word that it is reduced to 1.75%. not bad actually in comparison with some.0
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