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Building Societies - got nothing - now complaining
..out of the FSCS, that is. Fury as societies foot bill for Icelandic folly In today's Guardian Choice quote: So the FSCS is 'clobbered' with the debt on which the government is charging interest as well[can anyone confirm if this is still '12%' interest as per the bank bail out money?]It's nice that people with accounts…
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Legality of A's cash in B's high interest acc?
Hi there, I am wondering if there are any financial legal eagles out there who know the answer to this one. John has a fixed rate offset mortgage of 100K with an interest rate of 6%. He is tied into this mortgage for more than a year from now. He cannot benefit from the current very low interest rates, because of the…
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ING compensation rates
How much does ING guarantee in the event of a bank collapse? Does it come under UK regs?
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Being taxed twice on savings
There is a good article about the way we are being taxed twice on savings, once when earned, and again on the interest by Andrew Gilligan.
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ING Direct
ING's internet savings account has a variable rate of 2.72%. But for new accounts adds a bonus of 2.17% for 12 months. Not a fixed rate, but does give total access and can be opened with just £1.
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EurosI
I have 65 euros in hand at the moment,now I was waiting for the pound to continue falling,but it seems to be rising? Just a reaction to BoE rate etc. or will it stay this stable? I know we can't really definitively say,but opinions will help me anyway.
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Lehman products with NDFA, Arc & Meteor.
We are a small but active group of investors who are trying to maximise our recovery from investments made with NDF Administration, Arc Income and Capital & Meteor Asset Management, where the final provider was Lehman Brothers. If you have invested in these structured products and would like to add your support to our…
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How many people are moving their savings abroad?
My brother and sister-in-law were icesave veterans. Having not learned their lesson from that debacle, they are still looking to put their money offshore. I can understand their rationale; my brother having lost his job and they have a son. Who in this forum have decided to send their savings abroad and to where?
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new nationwide e-bond
I see today that nationwide are offering new e.bonds,a 2 year e.bond pays 4.20% gross,this is fixed.They also offer 6 month,9 month,1 year,2 year and 3 year all at different rates and all with the option of monthly or annual payments.Penalties apply if you make withdrawal before end of term.Can anyone tell me if,in the…
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FSA consultation paper on changes to the FSCS
FSA consults on changes to financial compensation scheme FSA/PN/003/2009 07 January 2009 The Financial Services Authority (FSA) is today publishing a consultation paper setting out proposals for speeding up the payout of compensation to make it possible for customers to get back their money within seven days if a bank…
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Savings Advice for a novice
Hi all, Any help is appreciated, so I'll start by saying thanks. My pc doesn't have a pound sign (bought in Japan), so I'll just use the numbers. I've always been careful with my money, but now I'm looking at the best places to put it to gain the most reward. I currently have most of my money in Barclays online savings…
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First Bank of Nigeria
Is Frist Direct and FirstSave owned by Bank of Nigeria?
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ICICI 1 year fixed rate account 5.1%
Yesterday, I transferred a dollop of dosh from my ICICI HiSave account to a new ICICI 1 year Fixed Rate Account, expecting to get 4.65%. Received an email this morning confirming that the account has now been opened... and the rate will 5.1% :-)
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Help - to whom payable please?
Since A&L seem to have beggared up my transfer to NR so that I have missed ALL the FRISAs (this started weeks ago when I was going to be getting 4.5% FR), now that I have my ISA certificate at last I don't want to miss out on the issue 91 FR. I have paid my Icesave comp into my current account - now sending a cheque with…
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will paying off mortgage and saving with the money pay more tax
I currently owe £40,000 on my mortage with nine years left. However I have the £40,000 in the bank and I also save £250.00 a month regular. Could anyone tell me if I paid off the mortgage and then saved the £500 per month mortgage plus, my regular savings which would both equate to £9,000 per year in a savings account…
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Will ICICI honour my rate in this circumstance?
Hi I opened a fixed rate(5.01%) account and setup a dd with ICICI. Under their instructions I sent an openeing cheque to them for £1000. During this time the Bank of England has dropped interest rates again and ICICI have ameneded their rates to 4.65%. Will I still get the 5.01% that I opened my account with? I hope so.…
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Penalties and fines charged by banks
As everyone knows the case against the banks for excessive fixed charges for going into the red etc is being pursued in the courts, the Office of Fair Trading already having received a court ruling that these charges where excessive are unlawful. Now therefore is the time to look into the fixed penalty charges made by…
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Bonds - Best Rates
Hi. Is there anywhere on this site that lists the best bond rates. Preferably with monthly income, though annual is fine, too. Did a search but only got stuff about premium bonds. Thanks a lot. Ed.
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Can I transfer into 2 cash ISAs in a tax year ?
My wife has a cash ISA with the Nationwide which is not paying a good %, she has not paid into it this tax year. I was thinking of her transferring some into a fixed rate Cash ISA (Derbyshire)and some into a better % rate instant access Cash ISA (Alliance and Leicester, Scottish Widows) Can she open 2 new cash isas in a…
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e-savings
Sorry for any repetition. I transferred my ISA to NatWest a few months ago when they were offereing the 2% bonus deal. This was quite attractive at the time. I also decided to open an e-savings with them (again they were offering a bonus of I can't remember if 1 or 2% for a year if I'm not mistaken). Having just checked…
