Coventry 1YR Fixed Rate ISA 333

liger

If I open this ISA and then start an ISA transfer that won't be completed until end of September 2026 which is the maturity date of the ISA being transferred, what happens to the Coventry ISA? Does Coventry close the ISA as its too long to wait or does the ISA stay open with a zero balance until the funds are transfer at the end of September?

kipsterno1

I rang them last week to ask if they would accept a transfer in 45 days. The answer was no. Initially the CS rep said it had to be within 14 days but when I read the terms to them they sort further advice. A few minutes later the said that up to 30 days for funds to actually transfer was the maximum they allowed.

flaneurs_lobster

I've read the terms of the Coventry ISA for you

• This is a limited issue ISA and you have a limited time to pay in. We must receive the first payment into the account, and any other payments in (including ISA transfer instructions) within 14 calendar days of us accepting your application, or while the account is still open to new investors, whichever is longer.

Albermarle

https://forums.moneysavingexpert.com/discussion/6677001/coventry-1yr-fixed-rate-isa-333

Normally it is better to wait until nearer the time of the current ISA maturing. Perhaps start looking what is available around 3 or 4 weeks before it matures.