Nationwide ISA rate better for new customers

alinkliter

Issue 13 Triple Access still paying only 1%, yet newcomers will get issue 14 paying 1.35%. They should put a stop to this sort of nonsense. 

jimjames

They're not the only ones

https://forums.moneysavingexpert.com/discussion/6367639/sainsbury-bank-isa-rate-better-for-new-customers#latest

Virgin pay over 1.5% for instant access so they might have done you a favour

alinkliter

I noticed the Sainsbury post Jim. It seems there are plenty of banks/building societies conning their customers. Ford money have a guarantee that like for like products will receive the same interest rate. They should all be doing that instead of conning their customers out of money.. Insurance companies can't offer preferential rates to new customers, the same should apply to banks/building societies.
I wouldn't say Nationwide have done me favour as I had already taken steps to transfer to another provider and that was before I knew I was being ripped off. If I'd been being paid 1.35% as I should have been I may have let the Nationwide ISA run for the time being, at least.