Have Nationwide Lost The Plot?
I’ve just logged in to my Nationwide bank account and they gave me a soft Internet sell on their ISAs.
They were offering a guaranteed pittance of 2.5%
I get a guaranteed rate of 5%, admittedly before tax, with Zopa.
We live in interesting times!
Cash ISAs have never been a good investment, unlike equity based ISAs. You do of course have the benefit of the ISA gain being tax free, whereas the Nationwide ISA will attract up to 40% income tax.
Comment by John Wright | May 3, 2013 |