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Savings & investments

Archives for October 2005

Inheritance and benefits
Hi, I posted a message a while back asking about how an inheritance would affect benefits, this situation has now developed and I would appreciate any advice anyone can offer. My Mother died in September and me and my brother (her only family) have been left £31,000 each. I work so there are no complications. My brother…
Best savings account?, Saving avg. £500 per month.
Hi Guys & girls, I am looking for the best saving account. I am currently self employed as an IT contractor and will be paying my corporation tax, etc at the end of the year. I will on avg be saving £500 per month & will be looking at keeping these saving until my taxes are due, 1 years time. What can you guys/girls…
Savings rate of 5.10% AER (fixed for 1year) £75000+
Has anyone any views on this? Citibank UK Premier Saver Account It has a 1% bonus for 1 year and the rate,at this moment is fixed at 5.10% AER for 12 months (inc the bonus), no restrictions on withdrawing or deposits, the minimum deposit is £2000. which gives a rate of 2.10% AER, this would/could be used to open the…
Opening savings accounts for Children
B/F& I would like to open savings accounts for his 3 kids as part of their Xmas pressie. They are ages 10, 12 & 14. Does anyone know the best accounts to open in terms of interest rates (& maybe freebies)? I guess he will need to get hold of their passports or birth certs from his ex to be able to open accounts for them?…
Make my grandaughter Rich:-)
Hi. This is my first post so apologies if it is in the wrong area. I have been saving for my grandaughter (aged 9) the sum of £10 per month for the past 7.5 years in a Woolwich kids account. I now have a lump sum of £1147 should I move it or continue as is. I want to increase the sum to £20 per month.
Coventry Building Society
Hi, I'm new here and it's proved to be a real money saver for me. Speaking of saving, I'd like to bring to Martin's attention something about Coventry Building Society. Martin states that the Over 60's savings account can be opened without the option of monthly deposits. I contacted them and they said they do NOT accept…
Savings Protecting Trusts
Hello, Based in Scotland. During the course of setting up a will, my parents have been advised to set up some sort of trust to protect their savings. Their total assets will be less than the limit for Inheritance Tax. However, they have been warned that should any of them require local authority care, their money will most…
Telefonica buys UK's O2 for £18bn
http://news.bbc.co.uk/1/hi/business/4391754.stm
sudden windfall - what to do (sensibly) with the money
My husbands father has just given us a cheque for 10,000 - OMG!!! That is a lot of money in my eyes. We'd like to pick the boards brains about how best to invest it so that, should we have to (my job right now is pretty insecure), we could get our hands on it but at the same time earn a decent amount of interest on it. His…
Living in NZ & investing in the UK
Hi Folks, Just wanted some advice on investing my money (£150,000-£200,000) whilst i move to New Zealand for around 3 yrs. 1. Would it be better to transfer my money over there or keep it in the UK for our return? I am concious that their interest rate is around 7.5% but there is a potential loss within the transfer of…
Savings were to put it?
I should have a decent amount of money to save £6-7K,but haven't got a clue were to put it.I need it to be accesed fairly easily ie 30 day notice.I was thinking of putting it in an mini ISA which I know is £3k max per year,but I was going to get my gf to put £3K in one aswell.Is that the best way.Any advice would be great.
THE FTSE - Whats it doing ?
So far this year, the market has had a pretty good bull run, with the anticipated correction during october coming on cue as expected. Unfortunately somethigns going wrong ! :eek: Whats gone wrong with the bull case ? The decline below 5225 ! Which has weakened the ftse signficantly. So what is the chart suggesting ? At…
Investing money reasonably safely.
I've sorted a mini cash isa and i have a savings account paying 5%, or possibly 5.1% once it's sorted, and also a plan to use a 10% regular savings account which will give me a true rate of 7.5% PA (because I can't move all of the money in in one go). Anyway, the next logical step is to start paying £100 per month or so…
Transferring Euros to Pounds
I am currently living in Germany but will be moving back to the UK in the new year. I currently have a German bank account, with savings in Euros. However, I would like to transfer the money back to GBP. What would be the best way to do this without having to pay huge transfer fees or losing out on the commercial bank…
Alliance & Leicester reg savings 10%, what do you think of this plan?
Background info. After years of owing money I've sorted my finances and started saving. I've got £3K in a mini cash ISA with first direct. around £1.6K in a 5% instant access savings account. I've just opened a Lloyds TSB premier <whatever it's called> internet account that pays 5% on credit. My salary of just under £2K is…
Does anyone know an African fund?
I like to start new Unit Trusts (or similar) now and again. I pay monthly. Can anyone point me in the direction of an Africa fund? I know it's precieved as higher risk, but it is my firm belief that exposure to diffent geographic and commercial sectors is the best way to achieve significant long - term growth, with the…
Broker/Fund Supermarket - Suggestions and Recommendations please?
Presently, I have invested in individual shares via an online account. I have realised that from opening and trading in an account how important it is to pick the "right" service from the very beginning. I would like to put money (a lump fund followed by monthly drip feeding of funds) into a UK Index Tracker (such as…
5.15% ISA = any better?
Just a quick clarification please. Have a cash mini-ISA with A&L and fully paid for this year, rateis 5.15% (don't shout, I opened it before the rate closed so no you cant get this now but it is still open to existing customers!) Just wanted to make sure not missing a better offer elsewhere?
£10000 To invest
Hi everyone im new to all of this.I have £10000 to invest for a year where would i get the best interest.i need the money a year from now to open a small buiseness.Thanks in anticapation of your help
American dollars cheque
Hello all, I have been sent a cheque for $ 110,000 dollars from the sale of some property by my inlaws. This is a gift to my wife and I and we are not sure where to put it or if we are supposed to pay any form of tax on it. I have read that citi bank give good interest on dollars but what if we want to exchange into pounds…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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