My router only runs at 2.4ghz and I have tried changing the security settings to every option available (has always been WPA2) and nothing has changed. My d/l speed always stays around 1.5-2Mb/s when it should be around 15-20Mb/s. I've changed channels, wireless names, security settings, and distances and nothing makes a difference. Again, my wife's iphone 5 and my ipad, both not on ios 8, have normal wifi speeds.
How many other WiFi networks are in your area? I've found that iOS 8.x isn't as good as handling interference as iOS 7.1.x was. If there are a lot of networks, your performance can suffer. A way of testing this is to run speed tests when next to your router. If the speeds are still bad, I'd try swapping devices.