Changes to ISA interest rates

Soldato
Joined
29 Sep 2003
Posts
5,834
Location
Newcastle upon Tyne
Hi all

An ISA my dad holds has recently had the interest rate reduced. However, he was only notified of this rate change 5 weeks after it had occurred. Are the bank legally required to tell him in advance of a change to interest rates to his detriment?

Thanks!

Michael
 
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