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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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New car and new kitchen
I want to buy a new kitchen and new car this year. I have the money in a stocks and shares ISA to buy both. I can also use 0% finance on both apparently. I am debating whether to cash in on my stocks and shares ISA. I have discovered that the value of the funds I invest in all peaked to an all time high on Friday. I am…
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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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KENT RELIANCE EXPERIENCES
Hi, I'm looking at moving my savings to Kent Reliance from Santander as they are reducing there interest rate significantly. I have heard of Kent Reliance before but have always used high street banks. Has anybody any experience of having a savings account with Kent Reliance good or bad??
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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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Compound Interest
Hi, I'm having a bit of trouble understanding how compound interest works, if anyone can help please! I've read other articles and watched loads of youtube videos but still slightly confused. I have a stocks and shares ISA with HL and invest £1000 monthly into Fidelity Index World (Class P - Accumulation). Using a compound…
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Notice Accounts
I can't see any dedicated thread for Notice Accounts, so here we go. My question for all knowledgeable people in this forum is whether anyone has any experience with Allica Bank, I currently have a Zopa smart saver account and, so far, can't fault them really, but Allica are offering 2% for 95 days notice compared to…
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Santander Easy Access Saver - What to do with it?
What are peoples plans once the rate drops on this account on 20th May. Move the money out, obviously ;) But what of the account itself, especially if you opted for annual interest (Like i did) Will you leave a £ in and then just wait for the interest to be credited, at the anniversary (Sept for me), in the (vain) hope…
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Company shares; need a custodian account?
Hello, never dealt with shares before so don’t understand what is required and hoping someone can help. i bought some shares for the company I worked with and have now left them. I have been informed either they can help sell them or I need to provide another custodian account so they can transfer shares to another broker.…
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Nationwide InvestDirect post-paid envelopes
I have held an NW InvestDirect account for many years because, being a free postal account, it provides a convenient way to deal with any cheques I receive. Until recently, whenever I sent in cheques, NW would send a statement with a new paying-in slip pre-printed with my account details, and enclosing a replacement…
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When banking scams are discussed in the media, why are they not more precise about the details?
Seems to happen a lot. Usually in relation to being phoned by somebody pretending to be from a bank. There's always lots of talk about how convincing they sound on the phone and about protecting passwords, etc, but rarely, if ever, do they actually go into detail about what the scam involved. i.e. What was the actual thing…
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NS&I Index Linked Savings Certificates - Renew or Possible Alternatives?
Have some NS&I Linked savings certificates coming up for renewal next month. I would have renewed but found out you now can't withdraw them until the fixed term ends. I might need to access that money before the new term would end, so this is a concern. Any suggestions what I could do with the money if I choose not to…
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Lloyds security
Santander are reducing the interest rate on their easy access saver 3 from 5.2% to 4.2%. Hence I am in the process of transferring savings to a different organisation. The new savings account requires that the money is transferred in from a linked account so I decided to use my Lloyds current account. Lloyds allow a…
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Taxation of Wise "interest", also Trading212
I turned on the "interest" option in my Wise account last year and received £100 or so in 2023/24 (in pounds and euros). I've just received a tax statement for the year, 23 pages of it. This lists lots of acquisitions and disposals of the underlying assets. The summary says that none of the £100 is income, it's all "Non-UK…
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Personal Investment plan Tax liability on cashing in
We have a joint Halifax (Scottish Widows) PIP. Its a managed income fund paying us a quarterly income (small). It was taken out in 2010 with £100k invested. It has never given us the income suggested at point of sale, and we are considering cutting our losses and cashing it in. Its worth at the moment circa £92k. We were…
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Blocked from my current account after following a link on MSE for easy access saver
Hello. Just wanted to tell you about this, as it seems an odd thing to have happened, especially as I am a mature, financially literate person, managing my own money online for decades. I opened an easy access saver online yesterday with Close Bros, via a link on MSE. I trust MSE links, having used them often over the…
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Interest or dividend - which is best?
Which is a better way of topping up your living costs: Using the interest on your savings or Investing in something that pays a dividend. Assuming, for arguments sake, that both pay the same.
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Wealthify refusing cashback
Hello all, I signed up specifically query this. I learned of Wealthify from a weekly MSE email in January 2023 which set out the £50 cash back offer. I signed up to take advantage of this. I had never heard of Wealthify and would not have signed up were it not for this offer, so am sure I followed the relevant MSE link. My…
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yougov.finance bribe
It's one of these almost-too-good-to-be-true stories, but it is true. First mentioned by @Bridlington1 in the Natwest Regular Saver thread, but I reckon this deserves its own thread as it could be of interest to those who have at least 10 current, credit card and savings accounts and not everyone reads the Natwest RS…
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Lloyds bank switch incentive
Hi I switched my bank to lloyds few months back and got the incentive is there something in the t and c to prevent you switching again within a certain time period anyone know thanks
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Prosper Investment and Savings Platform 12mth FSCS Tracker 5.78%
Never come across this before but found it on the p2p indie forum (thanks to dave4). In addition to the tracker, they offer no fee investments (til end July). I'm not in the market for either savings or investments so only given it a cursory glance but may be of interest to others. https://www.prosper.co.uk/…