All previous Britannia Select Access Saver rates dip to 0.55%

Stuart_W

Until now, the Co-op generally just reissued a new version of the select access saver when they changed the interest rate - meaning you kept a higher rate if the new issue went down, or you had to actively move your account to a new one if when rates went up (which they did in early 2019 when Select Access Saver issue 10 offered 1.4%). 
I've been quite happy with 1.4% instant access but the cull has now finally come - from 24th June all previous issues will match the current issue on offer (issue 13) and be reduced to 0.55%. 
I am pretty sure the T&Cs refer to two months notice of a rate cut and haven't as yet received anything, so they are leaving it quite tight. I received letters about non-Britannia Co-op savings a while ago now. Presumably letters are on the way.