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Today's Money Box - Financial Services Compensation Scheme
I am listening to today's Money Box on Radio 4. They have just interviewed a senior official at the Financial Services Compensation Scheme. He said that if a bank collapsed and someone had both savings and debt with that bank, the savings would be used to offset the debt. I interpret this to mean that anyone with both…
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New Car, new account
I'm going to buy a new car and have the cash in place. However, there is a 0% finance offer on over 3 years. I was wondering if anyone could recommend an account with good interest and a direct debit facility that I can stash the cash in and pay out each month. :confused:
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The best investment...
Hi guys I have recently been landed with a great job, paying very well for my age (21). I don't have a mortgage, and pay little rent at my parents house. I have £2000 a month that I can use to put into investments and savings. Obviously soon enough I will be interested in a mortgage; but I have a low credit rating due to…
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Wow! Something actually worth saving...
Hi all I've recently inherited a large (ok, large to me) lump sum at around £60,000. As a person who neither lives in debt or has ever really had money to deal with, (no debts, live within my means) I haven't got the slightest clue about what to do with it. Basic thoughts are I'm wary of the stock market and therefore…
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Falling Commodities
John Authers on drastic corrections across the commodity markets. FT Video Short View - March 20th I guess that newsnight bloke was right! I wonder if he bought short ETFs :D
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Are your savings safe?
Re “Are your savings safe?” article. I noticed Anglo-Irish Bank take the Passport Exception route regarding compensation, with only the initial amount i.e. €20,000 covered by Ireland. My wife and I have a joint account with Anglo-Irish. In the unlikely (hopefully) event of any problems with this bank what, in plain…
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Decisions decisions...Kaupthing or Icesave??
I know plenty of threads on these Icelandic banks have been knocking around, and wading through them all to find the one that's relevant to me is proving quite a task! (Hence this new thread). But say I wanted to open a fixed term bond account with either Kaupthing Edge or Icesave, which should I choose? Kaupthing…
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Tax Free Interest
Last October when I sold my appartment, I took out a 1 year bond with Nationwide. As I am not working, I filled out the form to get my interest gross. But what happens from 5 April? Will I continue to get it gross, or will I have to fill out another form for the new tax year? Thanks
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What is the best account to invest £22k and montly top up of £1000?
Hi I have just managed to get about £21k and need to save it somewhere. At present my bank account has a poor interest rate. I need to put it somewhere that has a good return. And allows me to top it up with at least £1000 pm. Thanks
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Scottish Widows Non-loyalty!
I had a maturing endowment (£25k+) with Scot Wid at the end of Feb 2008. They sent me loads of literature about putting the proceeds into their LOYALTY savings account quoting 6.11% gross which included a 1% bonus for the first six months. Great I thought...quite competitive. Registered online etc. Only yesterday, when…
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How safe is the Skipton?
i have some money in a Skipton 1year fixed rate bond and in the light of the recent general financial news, am wondering how safe they are as i hardly ever see them mentioned here on MSE. i have received a letter from them stating that they are pleased to say they are financially solid in the midst of all this supposed…
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A & L mistake nightmare
I opened a Direct Saver account with A&L last September with instructions to put my interest back into the savings account. In January I discover that they had been placing my interest into someone elses NatWest account the whole time. My first phone call to A&L raising this issue was on January 4th. Easily 20 phone calls…
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Icici - Warning
Anyone with an ICICI account: please read. Today I wanted to transfer money from my HiSave account to my current account. I have been doing this for over two years without difficulty, as recently as January. Luckily I looked at the linked account number before clicking submit. It wasn't mine. On checking the Linked Account…
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What's the best option for my savings?
I have been saving £40 a month in a Pearl MINI ISA for (i think) 8 years. My recent statement advises that the total value at 25/01/08 was £3882.38. Which is only slightly more than I've actually paid in. When I took out this savings plan it was for my daughter who is now 16 to help her through uni. So I have another 2…
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Coventry BS site down?
Unable to log on to my Coventry online a/c's today,get the following message:- Sorry, we are experiencing a temporary problem and have not been able to carry out your instructions. Anyone else having problems?
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Some money advice for savings
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Which banks to invest with
I have approx 50K invested with H/fax presently in a mix of cash isa, stocks and shares isa and savings accounts. I have another policy maturing soon for 30K and want to invest for maybe up to 10 years but possibly as little as 5 years. I would like to spread my investments between companies with all the latest…
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B & B money transfer is slow
Has anyone else noticed how long it is taking to transfer in and out of the B & B by direct debit. I requested transfer last Friday first thing, and today a whole week later its still not in my B & B account, its showing being processed but honestly is 5 working days unreasonable, its damn frustrating
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Halifax ShareBuilder - How do you use yours??
Have just signed up for the Halifax ShareBuilder account. I'm quite looking forward to dabbling in shares. To begin with I'll be putting say £25 a month into the account although will increase this over time. I was just wondering how you guys use your ShareBuilder accounts (if you have them). Do you wait for a few months…
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West Brom rejection.
Has this happened to anyone? I attempted to open the star account with west brom and sent the forms in by the deadline. Received a letter back on the 13th saying that they couldn't verify my identity with equifax. If i still wished to open the account I needed to resolve the issue by the 18th. :o so obviously the 18th has…
