Coventry BS Easy ISA (5)

2

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  • SallySunshine
    SallySunshine Posts: 813 Forumite
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    That account has been up and down for a couple of years, anyway I've just transferred mine to Shawbrook 2yr fixed at 1.7%.
    Quick and easy as I already have a couple of accounts with them.
    Just hope Coventry don't take too long to send it over.
  • Bernard_Coleslaw
    Bernard_Coleslaw Posts: 652 Forumite
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    gwapenut wrote: »
    I'm not impressed that they're giving less than 30 days' notice for a 30-day notice account. I thought these were the good guys.



    On the letter for my 30-day notice account they're saying I can it close penalty-free from now until the end of 31 July.


    All things considered, seems reasonable.
    Everyone needs something to believe in.

    I believe I need another beer.
  • No_Name
    No_Name Posts: 137 Forumite
    SallySunshine wrote: »
    That account has been up and down for a couple of years, anyway I've just transferred mine to Shawbrook 2yr fixed at 1.7%.
    Quick and easy as I already have a couple of accounts with them.
    Just hope Coventry don't take too long to send it over.


    Was you given a date as to when you'd like the transfer to tale place?
  • cinders59
    cinders59 Posts: 7,622 Forumite
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    my coventry easy access ISA is being reduced to 1.05 I have looked at Shawbrook they offer 1.30 for the same easy access

    Would anyone know if it is better to apply for monthly interest or yearly one.

    Thanks
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  • SallySunshine
    SallySunshine Posts: 813 Forumite
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    Coventry say within 5-7 days for transfer.
  • colin79666
    colin79666 Posts: 1,348 Forumite
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    edited 15 June 2018 at 1:20PM
    Took 2 working days for them to transfer mine out. If they had knocked 0.1% off I'd probably have stayed.

    Virgin increased the rate on the double take isa to 1.3% so no brainer really to switch unless you are sure you can fix or want to dip in regularly.
  • tsmiggy
    tsmiggy Posts: 127 Forumite
    Hi. I have this isa,and the interest is paid yearly,if i withdraw the money what happens to the interest?
  • eskbanker
    eskbanker Posts: 30,939 Forumite
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    tsmiggy wrote: »
    Hi. I have this isa,and the interest is paid yearly,if i withdraw the money what happens to the interest?
    Even though it's only paid out annually, interest is earned and calculated on a daily basis, based on the balance at close of play each day, so if you withdraw without closing the account then the interest will be reduced accordingly and paid on the usual date. If you close the account, the pro rata interest will be added to the closing balance.
  • gwapenut
    gwapenut Posts: 1,355 Forumite
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    I've yet to receive any kind of notification about this rate cut. Are any other people on this thread still waiting?
  • Newly_retired
    Newly_retired Posts: 2,950 Forumite
    Name Dropper First Anniversary First Post
    My. Coventry ISA Reward is reducing on 2 July from 1.65 to 1.30%.

    Not yet decided what to do about this, but there is a substantial sum involved, which I would like to keep out of tax.
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