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"The Save £12k in 2024" challenge
This is the new Challenge thread for savers in 2024. The challenge starts on 1 January 2024 and finishes on 31 December 2024. Please report monthly and I will record totals on a spreadsheet. Link below. https://docs.google.com/spreadsheets/d/1-frtVz3nhAXAKlcjM5zqNyiLfSopVsc_tPK9Y_r7jPM/edit?usp=sharing You can save £12k or…
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The Savings & Investments Sticky
FCA Unauthorised Firms and Individuals List The Top Instant Access Savings Discussion Area How much can you save? Share Dealing Discussion Area Regular Savings Accounts: The Best Currently Available List! Top Child Trust Funds Article Discussion Area >
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Which 1 year fixed savings account would you open TODAY?
With the rates being offered seemingly having peaked, and many offers becoming NLA, I think I need to lock away some savings in a 1 year fix. But which one? I'll be maxing my ISA contributions as soon as we go into the go into the new tax year, and I am already making overpayments into my pension, so really just looking…
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Why are Building Societies so rigid on KYC
I applied for a YBS account a few months ago but although I have several open accounts with them that I was depositing to monthly and had had some closed accounts with them and have been in my current home for 50+ years and can easily check my position on TransUnion and Experian via apps with banks and credit cards that I…
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Best savings account
I'm a santander customer. I'm saving up to do further renovations (new CH, upgrading electrics, kitchen etc.) - the money isn't earning much interest. Their cash isa doesn't give a high interest and I don't want to get a fixed rate bond etc, in case I need quick access to the money. The amount is around 30k split between 3…
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Starter tax allowance v cash isa
Hello I have dropped my hours at work and now only earn approx 12.5k per year I have approx 50k in cash ISAs as previously earned a lot more From what I understand I can now earn £5000 in interest tax free on top of the tax allowance ? Therefore as I can get better interest rates on fixed saver than cash isa I would be…
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Helping Mum plan to reduce exposure to Tax on Savings Interest - thoughts invited
Hi, this is my first post here. It is primarily to do with savings and tax on interest, although there are also elements of inheritance and mortgage about it too, so I hope I’ve posted it in the correct place. Also, sorry for such a long post. I appreciate it covers a lot of ground and I’m sure it looks a bit “amateur…
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Trading 212 pies - record keeping
Hi all, can anyone spread light on how they do record keeping on “pies” whilst using Trading 212 ? Some pies can be quite big (upto 50 different companies) .. so if held in a GIA, and gains are made, how does anyone go about listing / calculating the elements within to get the calculations done?
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Top Easy Access acs Ranked: Top of The Pots - **No Chat**
I've had a few suggestions/requests to start a separate 'No Chat' thread, as the ToTP list gets drowned in 'chat' in the 'Top EA discussion' thread. The aim is to maintain an easy-to-find ranked list of the c.Top 10 available to open & manage online Easy Access accounts, with links. The purpose of this thread is to ONLY…
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The Top Easy Access Savings Discussion Area
This thread is specifically to discuss the Easy Access Savings article Which includes the new free Savings Calculator tool. To discuss or ask a question about this article: click reply
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Old Investec account- HELP on where to transfer money to…
Hi all, First post here- please be kind My mother and I have a joint account (money in old Hi5 account Investec). It has around £75,000 in there and I’m wondering where best to put the money? I’m stuck in a bit of a predicament as I’ll be due to buy a house soon with some of that money.. (hopefully writing the next 9-10…
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Proposed take over of Virgin Money - Nationwide members should be given a VOTE
I'm really unhappy about Nationwide management running roughshod over their members (we the customers own the building society as it's a mutual), trying to push through a deal to buy Virgin Money. My quick take: * Nationwide management have proposed a takeover of Virgin Money * Terms of the deal have been agreed, but it is…
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Premium Bond Question.
Can anyone cast any light on this? Back at the beginning of March, I received notification from NS and I, that I had won £100 on my premium bond holdings. £100 subsequently appeared in my current account. All fine. Today, I log on to on-line banking to pay a bill and notice that yesterday ie. 25/3/2024, a random £50 has…
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Skipton international
Does anyone know a anything about skipton international building society. Are they a good place to save
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Saffron Nominated Account Issue?
I applied for a 12 Month Members Regular Saver account with Saffron over the weekend, heard nothing from them. Rang them earlier today, not much said to me tbh, apparently they can't verify my Virgin Money account which I find strange because I've already got two savings accounts ( esaver & members month regular) with them…
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The Top Fixed Interest Savings Discussion Area
I'm interested in people's thoughts and recommendations for the best fixed interest accounts. With BOE interests rates recently starting to increase we have to consider the desirability of long term fixed interest savings. Since withdrawals are usually not permitted before the end of the fixed period, such general interest…
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Santander Easy Access Limited Edition
The Key Document ofr this account states the annual interest at 5.20% AER/gross and the monthly interest rate at 5.08% AER/gross. Should the monthly not read 5.08% gross (5.20% AER)? Or have I misunderstood how AER works?
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Notice of interest rate reduction on notice accounts
I've got a 95 day account with RCI Bank still paying a generous 5.6%, although not for too much longer. Their summary box says "The interest rate is variable, and we can change the rate of interest on existing accounts by giving you at least 109 days’ notice" I have a 90 day account with Oxbury which says "Oxbury can make…
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Regular Savings Accounts: The Best Currently Available List!
1. Introduction Welcome to this thread. I continually edit the first few posts of this thread to keep it up-to-date. This thread is meant to complement Martin Lewis' article which you can read here: Regular Savings Accounts and the accompanying discussion thread Regularly Beat the Best Savings Account Rates Discussion Area…
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Minimising time out of market when switching investments
Hi all, The time has come to move my AJ Bell LISA investments into ETFs to cap the fees. There's about £16k in in HSBC FTSE All-World Index C Acc. Is there a recommended strategy to do this to minimise time out of the market? In one go or in dribs and drabs? I know when adding new money, putting a lump sum in terms to win…
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Implications of withdrawing from a Lifetime ISA
I opened a Lifetime ISA when I was 39 (in 2021). I bought my house in 2014 so I am using the ISA to save for my pension. I spoke to Hargreaves Lansdowne today (the ISA provider) and I am confused about the implications of withdrawing from a LISA for invalid reasons i.e. before I am of pension age. To explain, let's assume…
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Premium Bonds Article Discussion Area
This thread is to discuss the Premium Bonds: Are they worth it? article Also see the Premium Bond Probability Calculator to discuss the calculator specifically see the Premium Bond Calculator Discussion. To take part, click reply.