Coventry Building Society reduce interest rates

roddydogs

Does this mean the IA ISA I took out just before the end of the tax year at 1.25% is being reduced, or is it just for new customers?

colsten

roddydogs said:

Does this mean the IA ISA I took out just before the end of the tax year at 1.25% is being reduced, or is it just for new customers?

Yours doesn't appear to be on the list but to be sure, you should check with Coventry.

Aidanmc

Futuristic said:

Is the post office 1.3% fixed 1yr now the next best available? 

Aldermore  has a 30 day notice Cash ISA @1.30%

Stompa

Aidanmc said:

Futuristic said:

Is the post office 1.3% fixed 1yr now the next best available? 

Aldermore  has a 30 day notice Cash ISA @1.30%

Though it's variable rather than fixed.

jimbow25

colsten said:

More depressing news from Coventry



https://www.coventrybuildingsociety.co.uk/content/dam/cbs/consumer/pdf/savings/closed-products.pdf

Yes. It's a shame to see one of last year's last year's top ISAs reduce its rate drastically though I'd have been happy to know I was getting 13 months at the original rate given that the original account included a 15-16 month bonust o 31 July 2021. I was in a position to fix most of my ISA amid the tumbling rates, so had already transferred most of it to the Coventry's 2 year fix at 1.35% - this is still available as Frogletina mentioned on the previous page. 

I was more frustrated to see that the Regular Saver, which I opened only one month ago, is also cutting its rate from 2.5% to 1.85% and as a variable rate account this will impact the account I've already set up. Given the 12 month term and the restrictions on access (30 day interest penalty), a bit frustrating this was not fixed, like so many others are. I can stop paying in of course and there also appears to be an option to close without a penalty if I am unhappy. (appreciate this is not an ISA so apologies for tying in to this discussion - I can see this is also being discussed in the main savings forum)

Stompa

Does anybody know if the Coventry Easy Access ISA (Online) permits partial transfers out?

Aidanmc

Stompa said:

Does anybody know if the Coventry Easy Access ISA (Online) permits partial transfers out?

Yes it does.

Stompa

Aidanmc said:

Stompa said:

Does anybody know if the Coventry Easy Access ISA (Online) permits partial transfers out?

Yes it does.

Thanks.

skybluearmyontour

Alexland said:

And their excellent JISA rate is dropping from 3.6% to 2.95%

Yes just read that myself. Will be moving to NS&I Junior ISA at 3.25% (currently!!)

roddydogs

Yes, mine colsten said:

roddydogs said:

Does this mean the IA ISA I took out just before the end of the tax year at 1.25% is being reduced, or is it just for new customers?

Yours doesn't appear to be on the list but to be sure, you should check with Coventry.

Yes its reducing to .55% so here we go again, after all the faffing about with snail mail, grid cards etc im moving again! Shawbrook bank, but what's the betting they reduce as soon as I've transferred?. Im also annoyed that Coventry state that you can't take anything out for 1 month, ok the months nearly up, just saying. Ive now moved from Santander to Cynergy, to Coventry in the last month!