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Should I move all my savings to offset my mortgage?
Hi, I have a 5yr fixed offset mortgage with First Direct at 4.99%. I have total savings of £70k which are divided over a few accounts (ICICI HiSave and Natwest e-savings,) the interest is around 3% in both. Should I move all my savings into my FD savings account to offset my mortgage? It's a joint mortgage and accounts so…
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Bit of Advice!
Bit of advice please. I have savings (20K) which I was previously going to be using for a deposit on a house, however my circumstances have changed. My money is currently sat in a Lloyds savings account earning less than 1% . I haven’t used my Cash ISA this tax year and would like to utilise this before I lose it, but I…
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savings account with DD access and no credit check
is there such an account out there? Also would like a good interest rate (wouldnt we all) and no limited amount needed to put in or take out per month i tried for the ING one but i have no cheque book myself
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Britannia Rewards for 08 / 09
By this time last year I had my cheque so can anyone tell me please when I should expect this years? That is if there will be one!!
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Sainsbury's Internet Saver - guaranteed BofE + 2%
Hi Folks, I don't think anybody has mentioned this account yet. If you have £5,000+ then you can open this account and get Bank of England base rate + 2% guaranteed for 12 months. I have highlighted the catches in bold font below. SS2 Sainsbury's Internet Saver Open an Internet Saver account and you will receive a variable…
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Barclays Monthley Saver...
I recently opened an account with Barclay (Monthly Saver), which allows me to deposit upto 250£ per month. MSE article recommended this account. At the time of opening the account and still Barclay website says 6% interest for this account. As the calender month rolled over, I can see that they have paid interest on 250£…
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Gold Options for Trading
Hi all, I have been recently contacted religiously by a company called Buttonwood LLC (www.buttonwoodllc.com) based in Panama offering me services that will allow me to trade gold options. The minimum account I can get is a 3000 USD junior account and the returns look very very encouraging. To be fair, the guy has not…
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tax on savings
Hi, if i have just become a higher rate tax payer and my wife is a lower rate tax payer what happens to the savings we have in joint names? I.e what rate of tax do we pay on the interest? Higher or lower?
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Investing for 15 years
Hubby and I are both 50 and starting to panic about retirement (better late than never?) We've identified a large gap in our projected retirement income, and are looking into how we can fill it. One plan we've come up with is to sell our (fairly large) family home and buy a small house for us to live in (and transfer our…
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power of attorney best investment for aprox £200K
My partner manages an elderly relative's financial affairs along with her sisters under the terms of a power of attorney.He has advanced dementia and now lives with us- his house has just been sold for £170K He will not need to spend his money as his care is funded and he has a pension which is enough to meet his other…
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Safe place for large sum of money?
I've just sold my business and am about to receive a fairly large sum of money (over a million sterling.) The money will be paid directly into my hsbc bank account and I've been so busy lately that I've really not had time to think about what I'm going to do with it so it could be sitting in the account for some time. I'm…
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Changing Bank
Hi all, I'm not very happy with my bank (HBOS). I've been having hassle over a disputed credit card amount and I don't feel that my bank has backed me up. Can anyone recommend a bank with half decent rates and good customer service, communication, ease of contact etc. Thanks John
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Money for education-gift from grandparents
We are planning to transfer our son to a private school asap and my parents have offered to pay the fees up until VIth form. (3 years fees payable either termly or monthly) We were wondering the best way to transfer and hold the money (preferably earning interest). Account in his name? Premium bonds? Trust fund? How would…
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Coventry Building Society: Fixed Rate Bond
I opened a Coventry one year Fixed Rate Bond account on 17 Feb 2009. The terms to put the money in: Paying money in * Once your account is open you can make payments into it by cheque or internal transfer but only while the account is still open to new investors. While the this bond is closed for new customers, however, I…
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Free £20! Urgent, just open a savings account
STOP PRESS! 4 March '09 11.40am. As expected ING has closed the loophole. We managed to send out 2.9 million of the 3.3 million emails before it dropped it so well done to all those that got the deal! Any similar offers will always go in the free weekly MoneySaving email. There's a loophole meaning it's possible to make a…
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What is an investment bond?
We have been going through my recently widowed MIL's finances (under power of attorney as she is unfit) We have found a certificate of investment in her name but with my hubby and his brothers name on as "lives assured" what does this mean ....and who does the money belong to?? the bond seems to be split into 3 different…
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Dividends
Hi, with so many companies now reducing their dividend payouts or cancelling them altogether,how is it possible to find high yielding shares & the dates on which the dividends are paid? Are there any websites that would give this info in a user/novice friendly manner? Many thanks, MT
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Do some pay interest monthly?
Hi. I'm hoping to save a bit for a wedding, but there isn't a whole lot of time before the due date - planned for October of this year. Looked at some ISAs, for instance the RBS Cash ISA Plus - but despite calculating interest daily this only pays out every March. No use at all for me, at least for this specific purpose. I…
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Why Stick To ISA's
Sorry if this has been covered before but I have £38K tied up in Nationwide ISA now paying an average of .75% tax free. Without trying I can get 2.4% net in other accounts so why bother with the ISA's?
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Saffron 7% ISA ... Loading the Dice
Saffron ..... The new user friendly name for the Saffron Walden Building Society. ISA pays 7% p.a. as a Regular Saver Max input £300 per month maximum. Read the small print This table which I have printed shows what happens. It shows that you earn about £35 interest in the first six months and about £100 interest in the…
