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Isa product withdrawn by britannia
GCLARKE01
Posts: 1 Newbie
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!
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!
0
Comments
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They can give you two months written notice of a detrimental product change, including product withdrawal.0
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