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£35,000 protection question
If say you have £10,000 in Halifax and £7,000 in Bank of Scotland and because they are under one bank which I think is called HBOS, would you still get all your money bank under the £35,000 scheme or would you only get one payout or either 7 or 10,000 pounds. I heard its only one payment from one institution.
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Poor Investment
How is this for a poor investment? I recently found a Nationwide CashBuilder Share Pass Book that last saw the light of day in 1999. In December that year it was updated and contained £49.73. I’ve just taken it into the local branch, and in those intervening 8 years the total interest earned is £3.97. Damn, still can’t…
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Tax-Free Saving (not ISAs etc!) Advice
Hello Money Geniuses (Geneii??) ... I understand aside of all ISAs, PEPs, Tessas and whatnot, you're allowed save £25 tax free. I can't find any mention of this £25 allowance anywhere on the website, but I've been using it with Scottish Friendly for the last ten years through their Scottish Bond. As that's just matured, I…
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Birmingham Midshires - a good choice?
I'm considering opening up a BM account, but I'm concered about the amount I'd want to stash there (over 100k). As BM are one of the largest buy to let mortgage lenders, surely they will be the hardest hit if house prices drop? I understand that this is why they are offering such a good rate, but I'm interested in any…
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RBS rights issue shares
Anyone know when you can buy them? I understand there will be only a short time span in which to do so.
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how much savings can a person on incapacity benefit have before benefits get stopped
hello forum Can anyone tell me how much savings a person on incapacity benefits can have before their benefits get stopped or they get penalised in anyway? Thanks
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Bank of England warns of two years of stagflation
"Mervyn King, the Bank's Governor, is poised to unveil new forecasts showing that the Consumer Price Index (CPI) will rise above 3 per cent. Amid warnings that Britain now faces a US-style housing crash, with plummeting prices and rising repossessions, the Bank is likely to forecast growth of well below 2 per cent."…
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Investing in gold/silver help?
hi, the us dollar is going to collapse because the value of the dollar is getting lower and lower hence the high prices we see everywhere to compensate the devalue of the dollar. the uk money system is similar to the usa system and i think the pound will collapse soon after the dollar crash. gold and silver never loses its…
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Stealth cost of moving savings
As a newby to this forum, I don't know if this might be of any interest (sigh!) to other "Rate Tarts" out there but before I start chasing that extra fraction of a percentage of interest on my hard-earned savings, I first estimate how long it is likely to take for me to get back the interest the banking system deprives me…
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where can i find an index fund i keep reading about?
I've spent ages searching on h-l but i cant find this: i keep reading how someone like me should be investing in index funds an buying and holding for 5+ years. i should be going for one with low fees. but where can i invest in one of these? on h-l i can invest in them but as an etf, so i have to pay £10 or so everytime i…
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Trading Unit Trusts
After transferring my wife's ISA to Hargreaves Lansdown I'm in the process of of selling off £5K chunks of a couple of very big UT holdings she had and reinvesting them in separate trusts rather than doing the whole lot at once. I'm a bit surprised at how slow the whole business is. It's bad enough not knowing the price…
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ISA Quick one please
Hey Guys. I have £3191 saved in an ISA from 2006-2007. I have placed £3600 in the existing ISA for this tax year - I have a total of £6791 in an ISA - Last years savings and this years. Can I transfer this into a new ISA with a better interest rate? or because I have already invested in this ISA in this tax year, do i have…
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Regular saver that allows lump sum
I would like to open up a regular saver account. The A&L one looks to be the best. I also have around £4 -> 5k in other account which if possible I would like to move into my regular saver when I open it up. Is that possible with any regular saver?
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Advice please
I’m new to the forum. I need advice on Building Society bond. I want to open a Nationwide Building Society’s one year fixed rate bond account. From information in this site, |I understand that only money in saving account , up 35,000 is protected, but no information on fixed rate bond. Is bond a saving account or an…
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Saga Online Top 5 Tracker Account 6.25% Variable
Not sure if this has been posted, handy for those who want to keep some funds accessible and away from Icelandic Banks http://www.saga.co.uk/money-shop/savings/online-tracker/ SAGA online tracker 6.25 per cent gross By the time people reach 50 years of age many savers will have accumulated a large pot of money. Because of…
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Stoozing Man Fined in Charges
http://www.thisismoney.co.uk/credit-and-loans/article.html?in_article_id=441363&in_page_id=9&ct=5 What do we think of this?
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where to put my mums rainy day money
Hi everyone hope you can help me my mother want to earn as much interest as she can from her rainy day money which is currently sitting in my nationwide currently in my cashbuilder account massing a little bit of interest but not much considering she never touches this money ever (8000+int) and neve adds to it so it is jus…
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HIGHEST Interest Savings Account
A few weeks ago on BBC Radio (I think it was Moneybox) they had a feature about a new savings account where the cash is switched very frequently by the savings company (It wasn't a bank) into whichever bank is offering the highest interest rate at any particular time. All the switches are done by the company; the account…
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Dormant accounts
Has anyone had their savings account put into 'dormancy'. without my knowledge an account was made dormant because I hadn't used it for a while. No objection to this but the interest went from 6.5 to 0.75!!! I have so far 'lost' three years interest. They will not tell me why dormant accounts cannot receive the original…
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Endorsing a cheque?
My sons have a large balance each in Yorkshire Building Society accounts. I wanted to put some in investment plans with Foreign and Colonial. I asked F&C the best way of transferring the money and they said counter cheques made payable to F&C Management Ltd. I took that to Yorkshire Building Society who issued the cheques,…
