Isa product withdrawn by britannia

GCLARKE01

I have recently received a letter from Britannia which is part of the Co-op Bank. The letter states that they will be closing my Regular Cash Saver and transferring my funds to a different ISA (Select Access Cash ISA).

They are doing this without my permission, stating that they are with drawing this current product i have.

I have had this account for 10+ years and they have tried to get me to close it in previous years due to the fact i have get 3% interest. The new isa that they will transfer me to will have a variable rate of 0.80%.

Does anyone know whether downgrading my account is something that they can legally do?

Or if anyone has any experience with an issue such as this?

I look forward to your responses. Thanks!

PeacefulWaters

They can give you two months written notice of a detrimental product change, including product withdrawal.