Watch out,theres' a dodgy ISA about !Nationwide

Pssst

I hold an Ex Tessa -ISA with NW. anyway i enquired the other day about the interest rate. The reply...0.125%

ROTFL.

I shall be moving on. I obviously took my eye of the ball.

Went into local branch,nice young man tried to flog me a 5 year fixed 4. something deal and then some funds. I can loose money just as easily myself without investing in funds.

When he asked if there was anything else he could do for me I replied "yes, stop ripping people off and put your rates up". He said he would feed that back for me !

System

Have you found something else now? Halifax are doing 3% and there are some other ones on here that are not as bad.

I was with Nationwide and took my eye off the ball too, you're not alone!

brewerdave

Got our money out when it dropped to 1.1% - was sick when I twigged ,,,,,, but A & L was even worse!!!

TREVORCOLMAN

Pssst wrote: »

I hold an Ex Tessa -ISA with NW. anyway i enquired the other day about the interest rate. The reply...0.125%

ROTFL.

I shall be moving on. I obviously took my eye of the ball.

Went into local branch,nice young man tried to flog me a 5 year fixed 4. something deal and then some funds. I can loose money just as easily myself without investing in funds.

When he asked if there was anything else he could do for me I replied "yes, stop ripping people off and put your rates up". He said he would feed that back for me !

Proud the be different eh! Does that mean they find different ways to rip us off!

RayWolfe

Yep! Different in the way that has remained sound and not required any tax payer money to bail it out.
I hear that some Icelandic banks are paying much higher interest rates. You could put your money there if you like.

Milarky

RayWolfe wrote: »

Yep! Different in the way that has remained sound and not required any tax payer money to bail it out.
I hear that some Icelandic banks are paying much higher interest rates. You could put your money there if you like.

Arrh, but if the BOE goes and cuts rates to '0%' this month then maybe even Nationwide will be in worse trouble - with so many rates being less than 0.5% already theres' not enough left to cut! (lots of 'N/A's on branch posters..)

It's a fatuous claim that in this climate banks cannot afford to pay to attract savers' money. Quite the reverse is true. Maybe Nationwide simply scores by treating its own 'customers' (members - technically 'owners' in a business they have no say in...) consistently badly whereas the banks etc merely cherry-pick groups to reward and famish?

Pssst

Summer01 wrote: »

Have you found something else now? Halifax are doing 3% and there are some other ones on here that are not as bad.

I was with Nationwide and took my eye off the ball too, you're not alone!

Yep...found the Halifax fixed rate product.

Keep an eye out for YBS as they are blagging it with their ISA rates too...!

I think that many banks are exploiting the perceived complexity of ISAs as a way of hanging onto cash for next to no return.

Milarky

Pssst wrote: »

I think that many banks are exploiting the perceived complexity of ISAs as a way of hanging onto cash for next to no return.

..and for everyone that chooses to move their for a better rate, there must be 9 who don't. [Inertia is the banker's friend; no wonder they are 'taking their time' in moving away from a cheque-based scheme...]

ANGLICANPAT

Re Yorkshire BS - My 1yr fixed rate ISA has just matured on 5th April , I should have remembered and looked into it a month ago, but they didnt send me a reminder in the form of options for maturity. Rang up yesterday when I remembered and was told the options by phone. 2.15% for renewed 1yr fix (not impressed) . Annoyingly now, if I want to move it to another provider, it will probably take a month , leaving the funds in YBS generous .8% instant isa !!! Its so MESSY when youve got a Toisa and a couple of different ISAS doing different things on different dates !!

ANGLICANPAT

OOPS SORRY, wrong thread!!