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Saving to pay off Sofa's in 12 months - best account?
Hi all, We have purchased some sofas which we have on a 0% deal which we need to pay off by beginning of Nov 2007. We will be saving monthly over the 12 months to pay it off, but what would be the best account to save this in? It will be just less than 12 months when we need to withdraw the money out. Will be paying in…
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Savings Accounts Guaranteed to Increase Rates (November edition)
Back due to popular demand :p Please note: this list is for accounts with a guaranteed rate rise only. All interest rates are Annual Equivalent (AER), not gross. The lists exclude accounts with guarantees below the base rate and accounts where there is a bonus rate of less than a year. Easy Access Accounts Account Name:…
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Minimising Lost Interest
I'd appreciate any tips regarding moving money between accounts. I want to put some moeny into icesave but they can't do a direct debit on my internet savings account. Are there any internet savings accounts which can have direct debits against them?? Is my only option to move it to a current account and then move it to…
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Invest to pay for care home expenses
Sorry, general enquiry here. Have checked other messages but none give info I need. My mother has recently suffered a couple of minor strokes and has is no longer capable of looking after herself so we are putting her into a care home. As we have power of attorney over her we are consolidating all her assets in order to…
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ICICI - appalling
On the 7th I asked ICICI to transfer a large sum of money by same day transfer to my main bank account. I paid £20 for the service and up to now the funds have not arrived, ICICI has said it will take up to 4 days to investigate and won't refund my fee. Arrrrggghhhh. I'm closing the account and moving to the Coventry…
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Base Rate now 5.0%
Wh will be the first to raise their rates and who wont bother. Im eager to see how ICESave react (whether they give the full increase or only 0.05% which they need to) and how fast they react
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Investment - Monthly Income
Having recently received a substantial inheritance, I would like this money to provide income on a monthly basis. I have £200,000 to invest. What is the very best option to give me a monthly income from this sum and what should I expect to receive ?
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Difference between ACC and INC
Hi I have been looking at investing in some funds, but i wanted to know the distinction between accumulation and income. As i understand it income, can either be paid to you or reinvested, and accumulation increases the share price. How in pratical terms does this work, and which one would provide the best growth in normal…
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Principality Building Society
Hi Im thinking of applying for this regular saver Issue 4 account, who do I make the initial cheque payable to, and anybody any expeirience with forms of ID for postal applicantions. Thanks for any help
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Cofunds Consolidation Service
We have a few times invested in Maxi ISAs and one time used Willis Owen as the broker. They are "enhancing their service" and sending one valuation statement for any funds held, saving paper etc.. Having read/listened to Martin long enough alarm bells automatically ring in my head! They are keen for me to tell them about…
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ISA or current account
Hello, Could somebody please tell me if its better to have my £1500 in a non taxable ISA paying 4.24% or my current account paying 6.1%? Linked to my current account i have a savings account that i could transfer the money into over a period of months which pays 12% (i'm only allowed to pay in a maximum of £250 per month…
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£3500 to invest- advise needed please
Dear all I currently have £3500 saved and I save at £100pcm. I would like to move it to an account which pays interest monthly but am getting no useful advise when I call and enquire. I would love to know how much interest a month I would initially earn (say on 4.75% AER - not that I know what that means!). Also, I have…
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£60K - where to put it?
Hopefully, we may be in a position to receive £60K. We sold 50% of old property to my sister and she wants to now by the other half. Would we be liable to capital gains? We have no mortgage on our half, so would just receive the cash. Was also wondering where best to keep it. We have a mortgage on our current property, but…
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savings advice needed
Hi I have £9k of savings currently in premium bonds I have had a dismal return in the last year (£100) and want to move it to a savings account. I am just wondering what the tax situation would be in a savings account for me. I am a student not working and not paying tax. If I opened eg an icesave account would I get the…
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New to saving - advice please
Hi all, first post, so hello to everyone. I am fairly new to saving. Having graduated 4 years ago, i've been working away, buying a house, developping my career and slowly but surely paying off my student loan and am about to wipe my credit card debt out. Hence I'm now in a position where I can begin to save some cash. I…
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When do I know which is best? Saving or ISA
I left work with a lump sum and put it into an instant access savings account which now pays 5.1%. Is it better to leave it there or to regularly take £3000 for an ISA? Would I make more on the bigger sum - on which I pay tax - or in a tax free ISA. Is there a breaking point (there is for me - wish I was a financial whizz…
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Beware the Barclays FTSE Capital Protected Plan and other similar
There are a spate of products in the market, Barclays included that offer your capital back after 5 years, plus 110% or whatever growth in the FTSE. If we think back over the past few years, the FTSE has grown enormously. However, what you must be wary of is the "averaging". As an IFA, a client told me that he was nearly…
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Lloyds regular saver
OK, I know you're only allowed one payment per month (apart from in the first month) and they send any overpayments back to you. Has anyone accidentally made two payments or a payment of over £250? I had my A&L current account set to transfer £250 to each of my A&L and Lloyds regular savers. When I checked the other day,…
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Canadian dollar account
Hi Does anyone know of any banks which offer a Canadian dollar account? I'm expecting a cheque from Canada within the next few months and would like to bank it in Canadian dollars rather than convert back to sterling, as I'll be moving out there in a couple of years anyway. To this end, it would be ideal if I could get an…
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£200,000 to last 8 years.
After selling the business and investing around £100,000 we now have this sum to last until I'm 65 (in 8 years time) when the pensions kick in. With a daughter just starting uni. and allowing for current costs (and inflation) there is £100,000 of the lump sum that need not be touched for the next 3 years. In additon to the…
