LV were to advise me of claim made against me before considering paying as I was suspicious of the circumstances. They didn't and it was only subsequently I found out that that had paid out thousands without contacting me, and now that claim counts against me!
Reviewed on: 24th August 2023
Opened a new 1 year fixed rate ISA yesterday at 5.1 %, which seems good compared to recent returns.
However, I asked what happens at the end of the year if I don't contact them (I am old and could find myself in hospital then etc.etc.) The answer is that the money goes into a holding "Maturity Account". After further enquiry, I establish that the maturity account would pay 1.4% interest "as instant access". Martin Lewis, in his weekly MSE newsletter says that we shouldn't be accepting less than 4% on instant access accounts. I like the local Nationwide very much, but, come on Nationwide, is this fair and good practice??? And how much investors money are you holding at this derisory rate?
Reviewed on: 14th July 2023
After a review on Trustpilot revealing Leeds BS instant access savings rate was 1.9% and between 2 and 3 times that available elsewhere; Also that Martin Lewis stated if getting less than 4% "ditch and switch", Leeds have demanded review be taken down! Clearly bothered at people being given this information! I've been with Leeds BS for nearly 30 years and feel that, rather than being treated as a loyal customer, I've lost out substantially on interest and now feel they are trying strong arm tactics versus an OAP to hide their awful approach to loyal customers/long term members.
Reviewed on: 30th June 2023
