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Tis entirely possible that we'll get deflation.....
So what should we do, as workers, as consumers, as savers....... Japan went thru this.....still havent emerged from it yet....over 15 years....imagine 15 years of falling house prices!...........massive unemployment.......0% interest rates.....nay....negative rates! Sorry to be gloomy....but no use burying head in the…
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Egg
They seem to be taking a long time to decide what they are going to do about their savings accounts. :confused:
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The cheque trick re closing fixed term accounts......
.....I've noticed a number of banks/b soc's will not transfer funds by bacs/chaps re clousure of fixed term accounts. A number now will also not accept cheques from a bank/b soc in your name (but require their name followed by your name.) This probably leads to loss of approx. 2 weeks interest.:naughty:
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Halifax Childrens saving account
Hi I am it confused with Halifax I took out a childrens saing account with 10% interest where I was paying £100 per month assuming to get £120 in interest but ended up with half that ?? Just wondering if anyone else is a bit baffled with Halifax interest calculations during these credit crunch times..
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£18000 to Fix - ICICI?
Hi I had 18000 in my mortgage offset accout but as I have a tracker I have just had a letter confirming my rate with the mortgage will be down to 3.75% from friday. I have withdraw all the funds from my offset and am looking to fix this at a rate higher than 4.7% gross (as I am a basic rate taxpayer). I do some banking…
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How do I know what type of HSBC current account I have?
Yes, I know it sounds like a stupid question! I see that HSBC have a regular savings account available at 8% for those with a "Current Account Advance Account" amongst other types. Well I seem to remember a little while ago receiving some sort of letter from HSBC telling me that they were upgrading my account to something…
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Is there many of us who have OR plan to put more than 50k in any Bank/BS ??
If you are putting more than 50K in savings accounts above the FSCS guarantee who do trust ????????:confused:
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Red China to bid for HBOS?
Chinese banking giant Bank of China is looking at a potential bid for UK lender HBOS, BBC business editor Robert Peston has reported. Bank of China, the giant Chinese bank, is the mystery bank that Jim Spowart and European American Capital hope will make an offer for HBOS to stymie the takeover bid from Lloyds TSB.
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Savings Rate Wire - Product Update 10th October
10TH OCTOBER - SAVINGS UPDATE Close Brothers 1 YEAR FIXED RATE BOND paying 7.00% withdrawn with immediate effect. Manchester BS variable rates will be reduced by up to 1.00% w.e.f. 12.11.08. PREMIER INSTANT (-1.00%): £1K - 0.05% (-0.46%), £5K - 0.51%, £10K - 0.76%, £25K - 1.01%, £50K - 1.26%, £100K - 1.46%. MONEY BY MAIL…
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Penalties for breaking 1 year fixed deposits
With interest rates dropping like a stone it makes good financial sense for those with 1 year fixed deposits expiring in the next 3/4 months to break those deposits and lock in to a current rate for a year before rates drop further as they are expected to....depending of course on the harshness or otherwise of the penalty…
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Rights Issue when shares are held in a SIP
Hi, I work for Abbey and today it has emerged that Santander are going to arrange for a rights issue. Does anyone know how this would affect any fee shares, partnership shares and dividend shares that I hold withing a Share Incentinve Plan? Would I be able to take part in the rights issue and buy more shares at the 4.5…
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Legal and General - Help
Hello there, I wondered if anyone can help me. I have a 5-year investment with Legal and General which is just into its second year, Legal and General have advised me that my Cautious Managed Fund is now to become a Moderate Risk Fund. I am not happy with this and would like some advice on what to do. Any advice welcome,…
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0% interest rate - possible?
I've read a few reports online that say a fall in interest rates to zero percent is not completely out of the question, and I just wondered what that would mean for savings accounts? http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=456296&in_page_id=7 With rates on savings accounts already well…
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Dilemma, should i cash in my savings??
Okkk so i thought i would come o here and ask all you money savvy people for advice. I know you cant make my decision for me but would like opinions. I can now cash in my 21 year child savings policy (based on shares) if i wish, BUT this will be 1 year before it matures next november. Its value is around 2000 pounds, and…
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Compliant against Wills & Co
I made a complaint to the Financial Ombudsman in about June of last year. My complaint was against the company Wills & Co, who I believe mis-sold me shares in a company called Trixter. I paid just over £4,410 for 30,000 in Jan 04. Having bought shares with this company before (and subsequently lost money) I knew that the…
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Coventry Poppy Bond Being Withdrawn Tuesday 11th
Just rung Coventry and they had just received an email, saying: The Poppy Bond is being withdrawn from the website as of Tuesday 11th (timely!) at close of business. You will be given up until Friday 21st November to pay in any additional money to the bond.
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Question about Cash ISAs please
Hi, My wife and I both have cash ISAs with very small amounts in them (a few quid) that we opened up years ago and forgot about. We now want to set up ISAs with different providers, and actually use them to save. We don't want to continue with our current ISAs and we don't want to do a transfer - there are reasons for this…
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ICICI not honouring advertised % ?
Was I too clever by half on Friday morning following the chancellor's base-rate cut by trying to secure ICICI's much recommended best buy rate of 7.1% for a one-year HiSave fixed interest account? I'd tried phoning but the line was engaged. So I completed an online application for an account at 10.30am. Only on Saturday…
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Close Brothers application form required
Hi. I know this is very late in the day but does anyone have a copy of the application form for the Close Brothers 7% bond, closing at 5pm today ! I had intended to hand it into their office in person today (it's round the corner from me) but I didn't get round to printing it off before it was taken off their website.…
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Bank of Scotland Sterling Offshore Fixed Rate Savings Account
Could someone have a glance at this for me http://www.bankofscotland-international.com/personal-banking/sterling-accounts/fixed-rate-savings-account.asp Ive got £18,000 to invest right now and am awaiting money back from Icesave which I would be also reinvesting ... It looks as though you can keep adding to this Offshore…
