Nationwide ISA rates: one of the worst on offer ?

[bosque]

I've had an ISA with Nationwide for 10 years, my year's fixed rate of 6.5% comes to end soon. The best replacement one year fixed rate they can offer is 2.75%, thereby forcing me to move the ISA elsewhere. I know all ISA rates are low at the moment but Nationwide seem to be offering one of the lowest. When I discussed this with a call-centre woman she recommended booking an appointment with staff at my Nationwide branch.

"What can they tell me that you can't ?"

"Some people prefer the face-to-face approach."

"Will they have any better offers ?"

"No."

How can it be in Nationwide's interest to decide they have enough cash as it is and if you have some spare cash seeking a better interest rate it should be dumped elsewhere ?

[Arthur Fowler]

Because they could make a loss at a rate of 2.75% :shrug:

[mjb1975]

Part and parcel of most savings accounts though - moving to another lender when the rates go down. I moved my ISA in March to the new NatWest e-ISA. 3.25% is still pretty poor IMO but better than I was on with A&L.

Check out the better rates elsewhere and move it. Only real way Nationwide will get the hint.