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Monthly or yearly interest?
I have opened a 18 month bond with charter savings bank. Thay have said i can have interest paid yearly or monthly. What is the best option for me please? 63 year old male, taken evr in may 2015,i have a private pension of £7,500 a year which goes up with inflation rate in september. I have not worked since.
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Child trust fund matures
Hello my son is now nearly 18 and his CTF matures soon. We are a disabled family and find money matters difficult. I've paid into his CTF all along so he will get a lump sum- not huge by any means but okay. My question is... where do we put it next? He's still in school so happy to lock it away for at least another year…
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Question for those who have their Premium Bond prizes paid into a building society account
Does anyone here have their Premium Bond prizes paid into a building society account ? More specifically, one with a roll number ? I helped an elderly relative of mine to set up a nominated account for their prizes recently via their NS&I online account which involved entering their building society's own (generic) sort…
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Share account vs deposit account
A question regarding opening a savings account with Furness building society. I note it says it is actually a share account not a deposit account. Have had a quick Google regarding the difference, but does it matter? Should one be concerned, are there any potential issues to be aware of? Thanks.
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HELP - Sainsburys Bank savings won't give me my £4K back!
In short, 9th July I opened a Sainsburys Savings account 9th July I transferred £4K to the account from a Transferwise account the GBP part of it After a week it had not shown up, and eventually Sainsburys admitted that they had it and would send it back as it had arrived from an International account that they cannot…
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Savings for children , JISA, SIPP
Hi, I have a 6 year old, he has a few thousand in a low interest saving account. I want to start investing this for him and adding around £100 a month into this. I have looked at Junior S&S isa and looked into junior SIPP. My minds a little blown on it all! I was going to go ahead with a vanguard life strategy 100 but I…
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savings interest split
Am I allowed to split the interest on my sole savings account with my married partner
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NS@I 3 year Green Bond 5.7%
This actually looks vaguely competitive for once by NSI's standards. Does anyone know if the quoted interest upon the 3 year maturity is actually paid and thus quoted to HMRC upon 3 years, or do they report it annually like a lot of banks seem to? The rule is meant to be when you can "access" the interest, but it seems a…
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Investment taxable as capital gain rather than interest, with capital guaranteed
Maybe I am looking for the holy grail of investments, I don't know. I've just moved abroad, sold my home, and I have a small lump sum to invest. With high interest rates I'm maxed out on tax-free interest so I'm looking for an investment where gains will be taxed as capital gains rather than income. BUT, I hate to risk my…
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Alternative to II
As II are putting their fees up, are there any cheaper platforms? I have a stocks and shares isa and general account
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Furness - problems ?
Anyone know if Furness Building Society has any problems at the moment ? Have been trying to phone them but only ever get music, despite holding for ages. Same at all branches and head office. Ted
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New to investing + trying to decide on a few options
I'm looking to start my investing journey, and - after a bit of reading etc - have managed to narrow it down to tracker funds, but wondered if there were other ideal beginner options out there?. A few people have mentioned money market funds, but it seems the returns aren't much different to high street savings accounts.…
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Cash ISA
I have a fixed rate cash isa. I deposited money into the isa within the first 30 days. I've recently inherited money from a relative so I was hoping I could add the money into the isa but I can't. I want to have all the money (existing money in the isa and inherited money) in one isa. The aim is to get a better return as…
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Charter Savings Accounts - What Is The Seven Digit Account Number?
I am doing some flipping of maturing accounts and I am looking to pay into two Charter Savings Accounts. Reading the process I include Charters account details and it says my "seven digit account number". Having looked high and low all I have is 13 digit account numbers with the last 3 digits being the first 3 letters of…
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Savings rates going down!
At a time where the BoE is continually putting up rates, and so are mortgage providers, why are bank savings rates now going down? I opened a one year fixed bond with Cynergy bank at 6.04% three weeks ago. Luckily it has locked at that rate, but I did want to open one for my husband a week later, and it had gone down to…
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Short term saving
Hi, I live with my wife and 3 children at my brothers home who’s kindly allowed us to stay while we build up enough money for a deposit for our own house. The houses we are looking for are around £280k - £330k. So far we have around £100k by working 2 jobs each and also some inheritance saved up. We have 5 months before we…
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Best savings or investment for the future for 3 and a half year old?
Hi what is the best savings or investment account I can start up for my three and a half year old? I know his grandparents have put money away for him but I am not sure if it is a junior ISA
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Stocks and Shares ISA Strategy
I hold both Fundsmith (direct) and Fidelity Global Index (via Hargreaves L) as investments. Is it essential to regularly contribute to these can they be left passive?
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Investment scams
Hi has anyone been contacted by QM Partners asking for money to get them money back from investment company’s ie Beaufort securities after compensation has already been paid
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Access Bank, can somebody do the maths for me please?
I've got a bond with Access Bank maturing next month. They are offering me 3 renewal options3 year fix at 5%Grose AER plus £75 bonus2 year fix at 5.8% plus £501 year fix at 5.8% plus £25 I can have the bonus added into my new account, or returned to my nominated savings account. I'd most likely go with adding it to the new…