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Childs saving account and Child Benefit
Hi The Mrs and I get our Child Benefit money (2 kids 5+7) paid into one of the kids child savings account (this is the only use for this account). Theres £10k in there now as we/kids dont spend it and want to let the kids have it when they leave school etc. I just got the statement today and it says the account earnt £415…
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When Halifax Regular Savings matures, remove from web saver account ASAP
The last payment into my Halifix regular savings account (the 10% one) goes in next month. When it matures, it will dump all the money into the web saver account I opened at the same time as starting the regular saver (can't remember if this was manditory, but it was certantly an option). The web saver account is only…
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Advice needed on how to save 10K
Hi all, First post; any advice will be welcomed. I have recently come across the sum of £10k. I am in full time education so therefore understand tax is not payable up to a certain amount? [does this apply to savings?] I am looking to maximise my returns from this money and am not sure what is the best method. Whether i…
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Scottish Widows sort code
Hello, Would be grateful if you could let me know how to find Scottish widows sort code - I have searched their website and had no luck at all. Thanks very much, D
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do I need to save with an ISA
Hi I am now retired and dont pay tax on my interest so should I still have an ISA or just put in into a fixed bond Annie
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Multiple Savings Accounts
Hi All, How many savings accounts can be linked to one checking account? My wife and I are doing a major budget overhaul. We had the idea of using multiple savings accounts to help us keep from spending money unwisely. Here is what we would like to do: Primary checking account: Pay most bills and everyday spending money…
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Final Response and FOS queries
Hi, I recently made a complaint against Hoodless Brennan, and received a final response letter from them. The person who dealt with my complaint gave me an impression that he has not read my complaint properly, and even the T&Cs that he quoted were incorrect - the T&C that he quoted has clearly shown that they have…
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Older savers may receive lower interest rates on ISA top ups
Older savers topping up individual savings accounts (Isas), following the Budget increase in the annual limit to £10,200, could receive a lower interest rate than is paid on their existing balances, experts warn. http://www.ft.com/cms/s/2/aebb8aac-3102-11de-8196-00144feabdc0.html
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Banks face fines for poor service
Banks will face fines for poor treatment of their customers when the City watchdog takes over regulation of retail banking conduct in November. The Financial Services Authority (FSA) will replace a voluntary banking code with its own rules for banks, building societies and credit unions. It said this would ensure customers…
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benefits and tax on intrest
[FONT="]When a bank/building society pays the tax an any interest paid is it all lumped together or can the taxman see who’s paying what. If someone was getting benefits and paying tax on any interest would the dole know?[/FONT]
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Iceland - How the money was returned to savers & who pays
Telegraph "The Treasury has revealed that it was forced to pay out £7.4bn to savers who lost their money in the Icelandic banking crisis last year. The Government stepped in to help more than 300,000 UK savers with Iceland's biggest banks, after Kaupthing and Landsbanki collapsed last October. Figures released in…
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Mods: Please remove - in wrong board
http://www.dailymail.co.uk/news/article-1173037/The-5-cost-withdrawing-cash-credit-card.html http://www.guardian.co.uk/money/2009/apr/24/egg-money-credit-cards Whoops! why I have stuck this here in 'Savings and Investments' board I don't know! Please do not post below but go to…
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Question of the Week: Opening savings accounts abroad
Q. When I was in Turkey/Thailand etc I saw savings offering 10% interest. Any reason I shouldn’t save there to earn more? (amalgamated question from many). Martin's A. Saving means putting your money away with no risk (ignoring the banks going bust issue). Yet what you're suggesting is more akin to investing as there are a…
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Whats Best For University?
Hi, im new to this website and just thought i'd try looking here for some advice and guidance im totally a dumbass when it comes to the financial sector lol so heres my query. i recently received £3,000 from my brothers will who passed away last year, and i was looking to put it to good use and not blow it out on a holiday…
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Savings advise please
Hello All, I normally used to leave my money in NS&I and used to give me a monthly income. However, I am getting less than a quarter of what I used to get. Can anyone tell me: * Where I would get the best rate monthly income. Or * Where I could get the best rate and it won't let me touch it for a year etc. Thank you.
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NS&I Pensioners Bonds - alternatives?
My Mum has had £15k invested in pensioners bonds for the last 3 years which gave her a monthly income which helped with the bills etc. We've now had a letter to day that the bonds are due to mature and the pensioners bonds have discontinued. So I've been given the task of finding a suitable alternative althoug I realise…
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Best thing to do with money from house sale
Hope someone can offer a small ray of advice about the best place to stash some cash when we sell our home. We're hoping to complete our house sale at the end of July, but will not be re-buying in the UK as we're emigrating around September/October time. Because we'll be renting for a few months until we decide where we'd…
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ETFs and currency risk
I noticed that some ETFs have USD as the base currency and some GBP. Ironically, ishares use alot of USDs and Soc Gen GBP. Does this represent an exchange rate risk if I was for example, to buy through H-L here in the UK? I was thinking of the world tracker - or does that in itself represent a currency risk? Is there any…
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Regular Saver interest rate
Apologies if this has been asked before. I'd like to know how to calculate the interest rate on the total amount deposited in a regular saver as if the money were deposited all at once. So for example if I were to deposit £250 per month in a 10% regular saver for 1yr, that would be the same as receiving what interest rate…
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ING Savings rates
Very confused now... I opened an ING Direct Savings account on 15th April - using one of the £25 referral codes, so I can't really complain (if I get the money!). However, the link said the rate for the account was 2.75%. Today 22nd April I received an email from ING saying as of 17th April the rate went down to 0.5%. So,…
