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Chase Bank - id issues
Just to let people know I've had all sorts of problems trying to get my photo ID verified using the Chase App that eventually gave up. Has anybody else had the same problem?
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Premium Bonds
What a complete fail in this months draw. Myself and the wife have max holdings (100K). We both got zilch this month so we are cashing them in after the next draw. Does anyone know how long it takes for your holding to reach your bank account? Thanks Bruno
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Inflation, Interest Rates, yield curves, instant vs fixed rate savings & gilts
Sharp fall in inflation today to 3.4% & IIUC expected to fall further over the next couple of months as the energy cap reduction takes effect. Despite the slightly hawkish rhetoric from the MPC I think it's unfathomable that they'll keep rates high for much longer. I think they'll cut soon and in at least 0.5% chunks. My…
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Short Term Gilts
I'm trying to wrap my head around gilts in an unwrapped account. Let's say I have £100K so I buy £100K of TN24. The coupon is 0.125% so for every £100K of TN24 that I buy at "par" I have I make a massive £125. But I'm not paying "par" price for the gilt I'm paying less (around £97.70 as of today) so there's a capital gain…
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club lloyds monthly saver interest earned at maturity
If we go to lloyds bank website: https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html we can see: "What might the future balance be?expandable section For example, if you deposit £400.00 every month for 12 months you will have a balance of £4950.00 after interest is paid. This assumes you deposit £400.00 in…
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Chasing the best interest rate
Should I be switching bank accounts for savings every year to chase the best interest rates for savings? It seems easy to do but ends up with having loads of accounts?
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What to do with £250,000
I'm looking for some starter advice on how to best increase the value, over the medium to long term (around 12 to 18 years), of £250,000 (part inheritance, part bonus / savings). I'm not sure whether it's worth seeking IFA for this amount of money or whether Financial Advisors are more for people with a lot more money than…
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Recent experiences withdrawing a few thousand in cash
I might be withdrawing low thousands (maximum £3k) soon from either Nationwide or Natwest. I was expecting to have to give the branch notice & provide ID but Natwest appear to go even further: "be prepared for our branch colleagues to ask further questions about your withdrawal request which can sometimes take up to 30…
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Phoenix Life - Surrendering investment
I have an investment with Phoenix Life named Investors Choice. Type of policy is - Whole Life Unit LinkedI have sent the surrender documents to Phoenix Life over a month ago but have not received the funds yet. Have contacted the company who have escalated the surrender a few times but have still heard nothing. When I call…
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Savings rate drop
Hi, my Santander easy access savings account has just dropped its interest rate by 1% to 4.2%. I've just checked MSE and currently Cynergy are offering 5.1%, Charter SB 5.08%, Kent Reliance 5.07% and Virgin 5.06%. But are any of them likely to follow suit and drop their rates in the next few days? (I don't know if they are…
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Manually pay tax on interest
Hello all, I can't get through to HMRC and wondered if anyone knows the answer. I've gone over the £1,000 personal savings allowance as some recent savings account interest was over this amount. Is it possible to pay the tax owed on this as a one-off manual payment (eg with a debit card) rather than them changing my tax…
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Index Linked Gilts (Dirty prices)
I am interested in the following index linked Gilt: 0 1/8% IL TR GILT 2024, ISIN: GB00B85SFQ54. It has a "clean price" of roughly £100, and a "dirty price" of roughly £150 (the index ratio is ~1.5). My questions are the following: 1) I called my broker (Aj Bell) and they are unable to confirm the dirty price I would be…
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Partial savings locked in until July - What should I be doing to stay tax free?
Hi all, I have £17k locked into a fixed savings account until July 2024 and £8k in an easy access savings account Interest earned this year will be £1300 taking me over my PSA (£1k) What should I be looking to do next tax year? I presume when my fixed matures in July I can't stick it in an ISA. Should I put my £8k into an…
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SIPP advice
Newbie here, who has no real knowledge of investing and low risk tolerance I have virtually no income other than my savings Heard a bit about SIPPs and have been told I should put money in a SIPP to get tax relief back - but I don't pay tax except potentially a little on my savings, so not sure I understand how I can get…
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Kids Savings
I'm looking for the best high interest 'Kids' account to put my 9 year old daughters £20,000 savings away for 3 years, any help would be appreciated.
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Metro bank interest rate display
When you select the account from the online dashboard there is a dropdown labelled interest that used to display your interest rate when expanded. For at least the last week for myself that has not been working. Are others able to see the interest rate from this dropdown? I have tried 2 PCs to no avail.
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Looking for a little help on what I should do with an inheritance Please
Hi All, I am quite new to this so thought I might ask you guys for a little guidance please / A little background, I have been on ESA and receive PIP for health problems. The majority of this will now cease as I am about to receive an inheritance and I have no problem with that at all but now have to figure out how to…
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OakNorth Bank Fixed Rate interest increase
I have an OakNorth 9 month fixed rate account maturing on 17 April. A couple of days ago I was invited to enter maturity instructions online and I decided (in view of the declining rate trajectory) to go for a full rollover of capital and interest into a further fixed rate for 1 year at 5.11%, this was stated to be a…
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Tax on wages
Folks, I know you guys out there are super good at figures and accounting and have helped me on another thread recently with investing our house sale funds....I have another challenge for you guys....(or Gals) ;-) Ive just recently taken the choice at age 55 of taking my PPF (Pension protection fund) pension on a monthly…
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2 Year vs 5 Year Fix!
Hi folks, This is a weird one. I have a bit of savings. I can't decide what's the smartest thing to do with it. I'd love to eventually put it into property, but I need to get a little more clued up first. I guess I'm on here to think out loud, and hope to get some insight from more experienced people. I'm already making…