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Savings & investments

Archives for November 2008

What to do??
Hope someone can help. I currently have a bit of an issue. I am 54 and hope to retire on a pension in 3 years or so, but need additional savings funds to build up. ( Bad timing I know ) A friend advised that my regular savings £400pm in investment funds, ISA and general managed funds (although well down in value) I should…
Where should I save?
Hello all, My dad has £26,000 of savings in a low interest savings account. I have eventually managed to persuade him to move this money to make it work for him. He doesn't have an ISA at the minute and he is a high rate taxpayer. Where should he save the money? Three ISAs can be opened, under his name, his sons name and…
buy to let - buy now or wait!!!!!
Hi, I have veiwed a property several times, It is done out really well and good quality. It is a mid terrace and was up for £200.000 a year or so, it is now up for £169.500, I have offered £150.000, and they have accepted. I feel that I am their only serious bidder and I reckon I could beat them down some more, say…
Financial Advisor That Charges Monthly Fees?
I work self employed and recently moved into some office premises where I managed to meet a financial advisor who also works in the building. I set up a meeting with him for some general advice and he then asked if I was willing to sign up with him as a client to look after my financial planning. When I asked about…
Egg 6.3% fixed - can they cope?
Hi, I have one of the 6.3% 1 year fixed Egg accounts, as I know many others on these boards do. What I was wondering is, can they afford to honour these rates? With many other institutions cutting instant access rates to sub 4%, does that mean that Egg are actually losing money on these accounts? Obviously they cant pull…
Cash ISA Move or stay ??
Hi all I Was looking at my alliance leicester issue 4 isa interest rate and even if i leave it to get the bonus next may its still pretty dire. Whats anybodys view on switching to halifax fixed for one year at 5.25.. Dave
Abbey First Home Saver - anyone opened one?
I know there's a thread announcing the launch of this account, but I wanted to find out if anyone had opened one yet. I'm tempted, but am torn between applying now and risking the rate going down, or not applying and missing out completely. It seems like a good place to stash £5k+ though... I was in an Abbey branch…
ISA set up before certificate
If I open a ISA now online and fund it with some money,can I then wait for my ISA certificate to come from the FSCS(from Icesave claim), so I can fund it with that money that was already put into my ISA.Would this cause problems?Im opening the ISA with my current account holder Halifax.Hoping to get the fixed rate befpre…
Intelligent Finance at 5.9%
I realise this rate will come down (-1.5%), but it still appears to be a good rate. I am in the process of opening an account to put my Icesave cash to one.
Index Linked Saving Certs 5 year Questions
I'm currently sitting on 5 year Index Linked Certificates I bought this year in Jan when Inflation was high. Does anyone know where I could find 5 year inflation forecasts? I am worried that inflation is predicted to fall but the issue I got do give RPI + 1.35% which is a good rate anyway. These certs do not count…
Oops ..whose mistake Moneyfacts or Anglo Irish ?
12 Months deposit as shown by Moneyfacts Anglo Irish Bank Corporation (International)Privilege Fixed Interest5.80% 5.80% 12 months as shown on Anglo Irish IOM website Privilege Fixed Interest Account - 12 months 5.45% Both timed Sunday 5.30pm 30 November
Non-sterling savings (how to avoid hyperinflation)
Although there's a lot of talk about deflation hitting the UK economy, an increasing number of commentators think the UK could be heading for a bout of hyperinflation. If the government resorts to printing money to get the economy moving, then sterling will get trashed. For anyone with substantial savings - for instance…
Icici Bank - Mumbai Terror Raids - Vulnerability?
Does anybody foreseesee the recent tragic terror raids in Mumbai having a negative effect on the Indian economy, and exerting financial pressure on ICICI Bank. making it a more risky place for savers?
Gold investments
Can anyone offer some good advice as to the best way to invest a little money in actual gold, please ? Has anyone had any bad experience of advertised companies for this ? Thanks ! :T
Egg Money Manager
How safe is it to use Egg Money Manager, i used to use it as it was conveniant to be able to see all my accounts with just one log in, but was concerned as to the possibilaty of how easy it would be for this information to get into the wrong hands,discretion being the better part of valour i unscribed from the service.…
ID for Principality BS - certified copies
I opened a Regular Saver Bond with Principality online last night, and TBH was a bit miffed as there was no question about whether I was an existing customer, so stuck with having to send ID which is a bind. This with application and cheque must go to Cardiff, and if I want to send copies (which I do, as don't want to part…
Cash ISA to Stocks and Shares ISA ?
Hi, I want to transfer my Abbey Direct (issue 2) Cash ISA into a Stocks and Shares ISA. Is there a 'best time' to do it and also, how is the interest worked out when switching from one to the other? Any response/recommendations are appreciated, Cheers, PensionKid
would you close older low interest rate savings accounts or leave open
just in process of sorting all my finances, sorted my credit cards out so am now reveiwing my savings accounts i have several accounts open at the moment which are: Lloyds TSB - under £250 = 0.10, Over 250 =3.7% (as of 3rd November 08) Tesco 6% (includes 1.5% bonus until October 2009) Egg 3.25% as of 14th November…
Wanting to invest 10k but where's the best place to put it?
hi all, I've recently won some money :D and i'm wanting to invest 10k of it but not sure where? I have 2 options: 1. pay 10k off the mortgage (currently 85K) but not sure it'll make any difference? 2. invest in a high interest savings account for the future events, wedding, babies etc Anyone got any advice? Ideally if i'm…
Buying bank shares at the mo'
Hi, and good morn' Since the start of the banking crisis I have been looking ay buying bank shares, hopefully when they were at there lowest. As with HBOS for example, £0.58 a few weeks ago and £0.89 today, I have obviously missed one of the earlier boats!!!! What would be your thoughts on buying bank shares today??? And…

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