Reeves' ISA review

Kim_13

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account on say Monday (that will still accept a transfer on 30th November and allow time for it to go through) so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

fiddlesticks0

Kim_13 said:

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account as close to budget day as you can that will still accept a transfer on 30th November, so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Kim_13

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account as close to budget day as you can that will still accept a transfer on 30th November, so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Moneybox’s instruction perhaps suggests that they process all transfers as soon as they are received, which is no good as it would incur you a penalty. 

I personally  would submit the instructions for the existing provider to move you into Easy Access on maturity - they should send you options rather than requiring you to open a new account. Low rate, yes, but far less costly than a penalty being charged (either because a mistake is made and the provider fail to recognise there is a cooling off period on the default re-fix, or because they are a provider that don’t make the funds available penalty free until the day after the maturity date.) 

Who are the existing provider? You can hopefully strike a balance between risk and lost interest by getting the Easy Access and an electronic transfer onwards.

refluxer

fiddlesticks0 said:

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Are you aware that you have to stay with Plum for a full 12 months to get the bonus element of their interest rate ? They also used to pay a lower rate for transferred-in funds, although this appears to have changed recently.

Regardless, though - if you want a better chance at a pain-free ISA transfer experience, then you'd do well to stay away from some of the banks and pseudo-banks (not all of them are banks) at the top of the best-buy tables, some of whom just offer headline-grabbing rates and bonuses as loss-leaders to get you onboard with their trading platforms. While sticking with the more established providers who also use the BACs ISA transfer service* is by no-means a guarantee that an ISA transfer will be trouble-free, it'll make it more likely IMO and will almost-certainly make it faster.

*Cynergy provide a handy list - see the 'Which providers can I transfer my ISA from ?' FAQ on this page.

fiddlesticks0

Kim_13 said:

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account as close to budget day as you can that will still accept a transfer on 30th November, so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Moneybox’s instruction perhaps suggests that they process all transfers as soon as they are received, which is no good as it would incur you a penalty. 

I personally  would submit the instructions for the existing provider to move you into Easy Access on maturity - they should send you options rather than requiring you to open a new account. Low rate, yes, but far less costly than a penalty being charged (either because a mistake is made and the provider fail to recognise there is a cooling off period on the default re-fix, or because they are a provider that don’t make the funds available penalty free until the day after the maturity date.) 

Who are the existing provider? You can hopefully strike a balance between risk and lost interest by getting the Easy Access and an electronic transfer onwards.

It's Coventry BS - I really don't like the fact it doesn't mature by default into an Easy Access ISA, as I've always had elsewwhere.

The options are badly described as well - there's 4 options available:

3 fixed rate options (1/2/3 year) and a fourth saying 'Want to open and transfer to a new savings account? We also have other available savings accounts for you to choose from. You can apply for a new account, and then return to this page to withdraw your money into the new account.'

Choosing the fourth option then goes to:
'Complete an ISA Transfer: You can complete an ISA transfer to another ISA with us to keep your money tax-free. Just choose to withdraw your funds on the next page.' - it then lists an Easy Access Isa option there.

So I have to open a new EA ISA with them, then 'withdraw the funds' into it. It's horrible wording as surely 'withdrawal' is the last thing you want to see when transferring and keeping the ISA wrapper. I checked this on the phone with them, and that's the process. 

Then I'll have the new ISA to open and request the transfer. 

SickGroove

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account as close to budget day as you can that will still accept a transfer on 30th November, so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Moneybox’s instruction perhaps suggests that they process all transfers as soon as they are received, which is no good as it would incur you a penalty. 

I personally  would submit the instructions for the existing provider to move you into Easy Access on maturity - they should send you options rather than requiring you to open a new account. Low rate, yes, but far less costly than a penalty being charged (either because a mistake is made and the provider fail to recognise there is a cooling off period on the default re-fix, or because they are a provider that don’t make the funds available penalty free until the day after the maturity date.) 

Who are the existing provider? You can hopefully strike a balance between risk and lost interest by getting the Easy Access and an electronic transfer onwards.

It's Coventry BS - I really don't like the fact it doesn't mature by default into an Easy Access ISA, as I've always had elsewwhere.

The options are badly described as well - there's 4 options available:

3 fixed rate options (1/2/3 year) and a fourth saying 'Want to open and transfer to a new savings account? We also have other available savings accounts for you to choose from. You can apply for a new account, and then return to this page to withdraw your money into the new account.'

Choosing the fourth option then goes to:
'Complete an ISA Transfer: You can complete an ISA transfer to another ISA with us to keep your money tax-free. Just choose to withdraw your funds on the next page.' - it then lists and Easy Access Isa option there.

So I have to open a new EA ISA with them, then 'withdraw the funds' into it. It's horrible wording as surely 'withdrawal' is the last thing you want to see when transferring and keeping the ISA wrapper. I checked this on the phone with them, and that's the process. 

Then I'll have the new ISA to open and request the transfer. 

I'm in exactly the same boat as you with Coventry...

Initially opened their 6 Access one as a better rate, but as maturing funds are only going to be there for a few days, I see they also charge a 50 day interest closure on that account, so opened the basic easy access cash ISA & hit the withdrawal button under the maturity instructions...

An unnecessary faff as you should get an easy access maturity option as standard, along with their fixes...

I'm going to wait until funds showing in easy access cash ISA before requesting transfer from someone else, probably Zopa as I already have an account with them

UPDATE

I've also just noticed when selecting to withdraw at maturity into the newly set up easy access Cash ISA from the drop down box, it adds an extra number 4 onto the front on the 8 digit account number, just to confuse things further!

Kim_13

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

Kim_13 said:

fiddlesticks0 said:

MeteredOut said:

fiddlesticks0 said:

A question re the impact of any upcoming cash ISA changes in the budget given I unfortunately have a cash ISA due to mature on Nov 30th, so a few days after the announcement. From what seems to be the most likely outcome from what I've read, that the allowance will be cut, to start from next tax year:

- I'm guessing the current interest rates on ISAS wouldn't likely change much in the few days after any announcement, ie it may take a few days to see any changes. I don't know whether a cut in the allowance from next year is more likely to mean lower or higher rates, or whether the most likely is no change.

- I would assume there may be a large number of new iSAs being opened if the allowance is cut with people who haven't used their allowance for this year, doing so. As ISA transfers can be slow and in my experience required to be chased to make sure they actually happen at the best of times, I'm a bit worried that trying to get a transfer done whilst there's a huge increase in ISA activity for the companies involved, could well be a headache.

I would usually open a new ISA and start the transfer of the maturing ISA a week or two in advnace but for this one it looks that doing that may be a bit more tricky than usual (I've asked re this issue in another thread) so I don't know whether I'll be able to do that this time and may need to wait until 1st Dec to do the opening and transfer request.

Thanks. 

Its not clear what your question is, but no-one can answer something based on media speculation.

I'm asking what people expect will happen *if* a reduction of the cash isa allowance from next year is announced:
 - would people expect the current cash ISA interest rates to change in the days after the announcement, and
-  is it likely to be a nightmare to try and get a cash ISA opened along with with a transfer-in of a maturing ISA, as I'm guessing there may be a deluge of ISA activity if such a change is announced. 

Open an account as close to budget day as you can that will still accept a transfer on 30th November, so that it is there if you wish to use it once we know exactly what the changes will be (after all the speculation I very much doubt that they will be left unchanged.)

My prediction is that if the Cash ISA allowance is cut, rates fall (as providers will know that savers are in more of a use it or lose it position than usual.) They may increase in the next tax year when the changes take effect, but only for new money - otherwise there will be a period of unlimited liability at the higher rate if they accept transfers.

The bigger rush will likely be in March - there are still three months to take action if changes take effect for the next tax year.

Will your current ISA default into a re-fix if you take no action beforehand, or does it become an Easy Access so that you can instruct a transfer as you wish on 30 November?

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Moneybox’s instruction perhaps suggests that they process all transfers as soon as they are received, which is no good as it would incur you a penalty. 

I personally  would submit the instructions for the existing provider to move you into Easy Access on maturity - they should send you options rather than requiring you to open a new account. Low rate, yes, but far less costly than a penalty being charged (either because a mistake is made and the provider fail to recognise there is a cooling off period on the default re-fix, or because they are a provider that don’t make the funds available penalty free until the day after the maturity date.) 

Who are the existing provider? You can hopefully strike a balance between risk and lost interest by getting the Easy Access and an electronic transfer onwards.

It's Coventry BS - I really don't like the fact it doesn't mature by default into an Easy Access ISA, as I've always had elsewwhere.

The options are badly described as well - there's 4 options available:

3 fixed rate options (1/2/3 year) and a fourth saying 'Want to open and transfer to a new savings account? We also have other available savings accounts for you to choose from. You can apply for a new account, and then return to this page to withdraw your money into the new account.'

Choosing the fourth option then goes to:
'Complete an ISA Transfer: You can complete an ISA transfer to another ISA with us to keep your money tax-free. Just choose to withdraw your funds on the next page.' - it then lists and Easy Access Isa option there.

So I have to open a new EA ISA with them, then 'withdraw the funds' into it. It's horrible wording as surely 'withdrawal' is the last thing you want to see when transferring and keeping the ISA wrapper. I checked this on the phone with them, and that's the process. 

Then I'll have the new ISA to open and request the transfer. 

Horrible wording indeed. Difficult to see why they would do it that way unless they intended it would cause some customers to accept one of their fixes for fear of losing the ISA wrapper. It's more unfair than default re-fixes, as those are at least in the Terms and Conditions in advance.

fiddlesticks0

refluxer said:

fiddlesticks0 said:

Thanks. One of the issues is that it defaults into a fix - I'd have to open a new Easy Access account with them and initially transfer to that (temporarily as it's a very poor rate) before transferring it out. 

The other issue is that the best EA rate available to me is Moneybox who's FAQ says not to submit a transfer request until after maturity, something I've never seen before. Plum is the next best and I'd probably have to start the application process on the app to find out if I can do that one in advance.

Are you aware that you have to stay with Plum for a full 12 months to get the bonus element of their interest rate ? They also used to pay a lower rate for transferred-in funds, although this appears to have changed recently.

Regardless, though - if you want a better chance at a pain-free ISA transfer experience, then you'd do well to stay away from some of the banks and pseudo-banks (not all of them are banks) at the top of the best-buy tables, some of whom just offer headline-grabbing rates and bonuses as loss-leaders to get you onboard with their trading platforms. While sticking with the more established providers who also use the BACs ISA transfer service* is by no-means a guarantee that an ISA transfer will be trouble-free, it'll make it more likely IMO and will almost-certainly make it faster.

*Cynergy provide a handy list - see the 'Which providers can I transfer my ISA from ?' FAQ on this page.

Hi, thanks for the info. No I wasn't aware that was the case with Plum - I checked 4 comparison sites and didn't see it mentioned. Have also signed up to Plum to have a look at the offering and haven't seen it mentioned there either.

eg The MSE page just shows: Plum, 4.45% - 3.04% variable + 1yr 1.41% newbie bonus, Rate drops after 1yr.

So no mention of it there. It does show it on the small print on money.co.uk though: 'includes a bonus rate if kept for 12 consecutive months'.

Why it doesn't seem to be mentioned everywhere else seems odd. ISA transfers have also been a bit of a pain and there seems to be even more issues and hurdles to overcome at the moment.

S_dosh

@fiddlesticks0 Not sure if you are aware, but with Coventry even though the fixed ISA matures into another fix, you have 21 days do a transfer out to another provider. There is no need to open and transfer to an easy access account with them first if you intend to transfer out straight away.

I've done it a couple of times after maturity.

https://www.coventrybuildingsociety.co.uk/member/product/savings/cash_isa/fixed-rate-isa-313-30-11-2026.html:

At maturity, the money in this account will be automatically re-invested into the default option unless you have asked us to do something else with it. However, you’ll have the option to take money out or even close your new ISA, without being charged within 21 days after the end of your fixed period.

fiddlesticks0

S_dosh said:

@fiddlesticks0 Not sure if you are aware, but with Coventry even though the fixed ISA matures into another fix, you have 21 days do a transfer out to another provider. There is no need to open and transfer to an easy access account with them first if you intend to transfer out straight away.

I've done it a couple of times after maturity.

https://www.coventrybuildingsociety.co.uk/member/product/savings/cash_isa/fixed-rate-isa-313-30-11-2026.html:

At maturity, the money in this account will be automatically re-invested into the default option unless you have asked us to do something else with it. However, you’ll have the option to take money out or even close your new ISA, without being charged within 21 days after the end of your fixed period.

Hi, thanks - yes I had seen that, and it was one option I was considering. It's been mentioned a few times though that it's a bit of a risk if something is delayed/goes wrong with the transfer that it could end up stuck in the fix. I've had transfer issues/delays previously and if I had to ditch a failed/delayed transfer, given the time these things usually take, the 21 days could soon run out.

 And there's the possibility of lots of ISA activity after next Wednesday which could also slow things up for a while.