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Someone please check my logic
I've just received £20,000 from my parents. My overall plan is to start looking for a property and probably get a mortgage in about 6-12 months. I currently have £12,000 in a LloydsTSB ISA which has a one year guaranteed rate of 6.5% which matures on 22 May. I hadn't made any contributions in the 2008/2009 tax year (was…
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Recommend a good book...
Hey, With interest rates at banks being as low as they are at the moment and as i'm always looking to make my money work for me, I have been looking at stocks & shares as a method of saving/investing my money. The Motely Fool and sites like it are an on-going source of useful information, I was just wondering whether…
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High Vs Low Dividends
Hi All, I've been reading a bit about the various dividends paid by various companies. It seems as though the range of dividends ranges from 0 up to 16%+ I was wondering what the relative merits of a high dividend company vs a low dividend company is? Why would I choose a company paying 2% when I could chose a company…
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Problems with ING
Hello all, I ended up with an ING account after the collapse of KE. Most of my savings were transferred from KE to ING and appeared in my new ING account. All that is except £2228.88 which I transferred to KE on the 16th of January before ING started to administer the account. It's now the 14th of March and I have yet to…
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Take it from the poor give it too the rich.
I have a car. It is 13 years old. After the budget it will be worth £2,000. Therefore I can't sell it for next to nothing to someone who is a bit hard up. Wot a Chiz. For cars over nine years old you get a certificate of destruction and £2,000 at a special centre and then use the voucher towards buying a new or one year…
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can i open regular saving accounts at a number of different banks?
hello, i am currently with hsbc and get 10% on my regular saver which is great. i have thought about opening regular savers in other banks as this seems best way too get a decent interest rate, however at the moment i only have an account with hsbc so would banks not like me walking in opening a current account and…
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cash isa transfer
howdey all, I have already used up my 08/09 cash isa allowance,but want to transfer to a new provider.Most providers require a minimium amount to open a new a/c. If i open a new a/c does the balance transfer count towards the opening amount of the new a/c? hope this makes sense.
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Halifax 5 Pounds Reward Account Current Account Loophold Investigation Report
Hello all, I am working for an major UK bank and always interested in comparing different financial products offered by each bank in the UK. Recently, I noticed a large amount of discussion about a loophole of one of the new current account offer in Halifax. I found it interesting, so invest two days worth of my spare…
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Unit Trust Investing into existing Isa funds
Hi, If I have used my existing Isa allowance in a particular stocks and shares fund eg Nationwide Tracker and wish to invest in the same fund as unit trust, does my portfolio include one fund or two? i.e. one fund under the ISA wrapper and one that is taxed or are they lumped together with only the ISA contribution non…
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New Savings Account
I have read Martin's section on savings, and it looks like that AA account is the right one for me. BUT, I have an issue with giving the AA my money! Am I being daft, or is this a usual concern for someone who has never had £1 to save let alone over £3,000.
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Investic Bank
With the changes of interest rates monthly i am looking to invest with Investic, you need to invest a minimum of 25k and cannot make any withdrawals for 3 months. However i like the idea of not having to keep changing accounts for the best rates. However before I invest are Investic owned by another larger bank as i'm…
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CIS With-Profits Fund: What to do?
Hi all, **I originally posted this in the Mortgages & Endowments section but upon reflection thought it may do better here:** I've had a W.P Endowment fund with the Co-op since April 1991, paying £23-10 per month for 20 years (sum assured is £5000). In mid 2007 I changed bank account and the resulting confusion with direct…
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Egg Money - No not that querstion. A different question
I've already decided to use my egg money positive balance as a savings account - in fact I have just started which brings up this question. If you have a positive balance on your egg card and you use the egg card to make a purchase, the money comes off straight away - i.e. it is debited from the positive balance…
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NS&i Index Linked Certificates - Any Point?
I'm in the 'inflation' camp as far as what the future may hold but is there any point in going down the NS&i route? Surely interest rates with any institution will likely rise if inflation or, worse, hyperinflation kicks in? The question is whether they are likely to rise on a par with IL offered by NS&i? Given a choice,…
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Referrer Wanted for Investec (You Get £50 or an iPod)
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tax on bonds - how is this liability due?
Hoping for a bit of expertise on bonds Client is 83, Current income of £10k 1. Invested £15k in with prfots bond in 1994, withdrawal of £15k in 2005 and full encashment of £27k in 2009 2. Invested £18k in with profits bond in 1997, withdrawal of £600pa from commencement, and full encashment £20k in 2009 Question 1 - These…
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Where to invest short term?
I have a fair pot of cash from my house sale a couple of years ago and am now renting. It feels the wrong time to buy at the moment as things are on their way down so I'm waiting it out a bit. In the meantime my savings are earning me nothing but I want to be able to access my money in case something comes up property…
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NEW INTEREST RATE of 4.1% for halifax Fixed rate Web Saver account starts today
Today Halifax have increased there interest rates on there Fixed rate Web Saver account to up to 4.1% today, if you fix for 5 years Seems very strange a struggling bank have increased there rates when the base rate has just fallen. check page for details http://www.halifax.co.uk/savings/fixedwebsaver.asp
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investment bonds a good idea?
I am a relatively young self-employed widow on a low income, which I hope will increase. Most of my money is tied up in investment bonds which I bought through my IFA. Since I bought the bonds my investment value has gone down by about a quarter.Should I hold on to them in the hope that I regain what I've lost in years to…
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Alliance & Leicester eSaver 3 account qry
was wondering if i put money in and took it out next month will i lose the interest for the month or will my interst rate also go down for the forthcoming months. as i want to take money out in april for isa, then after april i will save up properly using it
