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    • GCLARKE01
    • By GCLARKE01 6th Dec 17, 2:26 PM
    • 1Posts
    • 0Thanks
    Isa product withdrawn by britannia
    • #1
    • 6th Dec 17, 2:26 PM
    Isa product withdrawn by britannia 6th Dec 17 at 2:26 PM
    I have recently received a letter from Britannia which is part of the Co-op Bank. The letter states that they will be closing my Regular Cash Saver and transferring my funds to a different ISA (Select Access Cash ISA).

    They are doing this without my permission, stating that they are with drawing this current product i have.

    I have had this account for 10+ years and they have tried to get me to close it in previous years due to the fact i have get 3% interest. The new isa that they will transfer me to will have a variable rate of 0.80%.

    Does anyone know whether downgrading my account is something that they can legally do?

    Or if anyone has any experience with an issue such as this?

    I look forward to your responses. Thanks!
Page 1
    • PeacefulWaters
    • By PeacefulWaters 6th Dec 17, 3:05 PM
    • 8,320 Posts
    • 10,638 Thanks
    • #2
    • 6th Dec 17, 3:05 PM
    • #2
    • 6th Dec 17, 3:05 PM
    They can give you two months written notice of a detrimental product change, including product withdrawal.
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