Nationwide -Champion ISA Rates Con

littlefish60

Nationwide has chosen 1 July to make major downward changes to their interest rates whilst uplifting their rate bandings for Champion ISA investors. Why is this cynical? - because yesterday was the last day of the existing Champion rates so today is the first day that investors have to make the change to the new Champion (sic) ISA.

My wife and I walked out in disgust from the local branch, as did other investors whilst the staff looked sheepish. Own goal by the Nationwide marketing gurus as they have lost the goodwill of customers and one can only hope will lose sufficient business that those "managing" the mutual are forced to take note. A piece of recent marketing material from Nationwide states "with no shareholders our only focus is you". Really? Certainly I will "make my vote count" at the AGM and it will not be in support of those currently running Nationwide.

A bit of airtime highlighting this con Martin would not come amiss.

ses6jwg

The Champion ISA has not been market-leading for some time so you would have been better off elsewhere anyway.

JAG

Remember all those Nationwide adverts mocking other banks about their "Brand New Customers Only" deals and foreign transaction fees paying for the "bubbly" at the meetings.

Well that is exactly what they are doing now, and have been for some time.

TheMatrix_2

JAG wrote: »

Remember all those Nationwide adverts mocking other banks about their "Brand New Customers Only" deals and foreign transaction fees paying for the "bubbly" at the meetings.

Well that is exactly what they are doing now, and have been for some time.

funny how you don't see them adverts now Come out of Nationwide, it's disgusting how many million pound salary packages they pay their top directors and try to hide it in their voting forms and give express votes for the uninitiated to accept their pay offers.

Vote against the boards recomendations, it supposed to be mutual and run for it's members, but while most are lucky to get a below inflation payrise, these fat cats get 6 and 7 figure salaries. It's time to take back the building society for the people.