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NatWest just told me savings bonds covered by extra 48K in addition to the FSCS 50K
I am totally confused and cannot find any information about this on the "Is your money safe?" pages. I just spoke to my local branch of Natwest who told me that if I take out a savings bond with them, it is covered separately by the FSCS as an investment. I had never heard of this before. I called my B Soc Nationwide…
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Annual vs. monthly interest
I want to open a savings account. It lets me have an option to choose the frequency of when the interest is paid (monthly or annually). Which one is better? Suggestions appreciated.
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How to calculate interest?
I am planning to open a monthly saver. I will be putting £20 each month. The interest rate 4.25% AER (4.17% gross p.a). The interest is paid monthly. After 12 months, it will be £240. With the interest, it's £240 x 4.35% AER = final amount . Is this the correct calculation? I am also planning to open a savings bond as…
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Which savings account is best? Help?
Hello i'm wanting to start saving for university next year, I want an account where I can deposit around £250 - £300 a month for around 11 - 12 months, I would also like to transfer some money to this account to begin with e.g £1000.00 I desperately need your expertise :) Thank you :)
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5year bond: YBS vs. Aldermore
Folks, I'm planning to put £3,000 away for 5 years. To the best of my knowledge Aldermore pays 5.40% AER http://www.aldermore.co.uk/savings/fixed-rate.aspx and Yorkshire Building Society pays 5.30% AER http://www.ybs.co.uk/savings/online/ebond/index.html?int_cmp=right_banner-savSection_ebond_july09 I would like to open the…
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Savings
If I had £7610 to save over a year with a regular saving of £600 per month with an interest rate of 3.3% would the interest be earned monthly on the savings or as a whole over the year? Thanks IndyPingu!!
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Best Childrens Account
Can anyone recommend a savings account for my 14 year old. The rates all seem to be c**p for kids. She is currently getting 1.74% with Yorkshire which is pretty dire but im stuggling to find much better. We want: Upto 2 year savings period. Probably fixed. Able to add to the savings. No withdrawal required. Well known high…
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Fixed Rate ISA's
Hi Folks, Im looking at putting around £7,000 into a fixed rate ISA. Does anyone know any with a good rate? Thanks
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Egg Savings Account rate drops to 2.5%
This might be old news, but the Egg Savings Account rate has dropped from 3.25% to 2.5%; this is the standard variable rate which has dropped from 2% to 1.25%: the bonus of 1.25% for new customers is unchanged. The info is on Egg's website. I'm off to Ing...
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know how to manage your money- books
Dear Money Savers! I was recently given this financial advice by someone when i stated that i had no idea what to do career wise- "make sure that you understand how pension schemes and long-term saving schemes work..and make sure you set up one or more proper pension schemes or funds or some way of investing for your…
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Bank account for baby
We're looking for a good bank account for babies that you can add to over the years (the government one doesn't make it easy to top up). Does anyone know which has the best rates of interest and the most flexibility? Many thanks
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MSE News: Premium bond interest rate boosted to 1.5%
This is the discussion thread for the following MSE News Story: "Premium bond holders will soon see their chances of winning increase, as the prize fund 'interest rate' will rise from 1% to 1.5% from 1 Oct..." Read the full story: Premium bond interest rate boosted to 1.5%
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Shares capital gains more confusion
Some time ago I posted on here asking for help in understandign the capital gains rules on share sales. I got some brilliant advise from a number of you for which I am very greaful. I sort of got my head round it, decided the "realised gains", which is what I understand matter for capital gains tax purposes, where well…
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Selling Gold Coins (sovereigns etc). Finding reputable buyer?
My mother has several gold sovereigns and other coins which she has held for many years, some were her great-grandfather's, some bought by my father as investment in the 1970's. As the price of gold is higher than it has been for some times, she has expressed an interest in selling some of them, and asked me to find out…
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Postal account for a child
Hello all. Hoping you can help with my situation. My dd (10) has asked to open an account to start saving with. She currently has about £50 and I doubt the balance will ever go much beyond that. We live in a rural area and the only options in our town for her to be able to walk there are Lloyds TSB and Natwest, both of…
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Savings help
:confused: Can any one advise please on savings over the last 15 years If in 1994 I had put £50 a month into a savings account what approx would I have received today? I have roughly worked out to a figure based on 3% interest Year 1 £600 amount accrued year 5 £3281.04 " year 10 £7084.67 " year 15 £11494.12 " Thankyou in…
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Paypal - SMS security, do I need it?
I have been emailed by Paypal, as I expect all users will be, regarding an extra level of security whereby Paypal send you a code text message whenever you log in to allow you to complete the login process. I realise this is probably a good security idea but it is also a bit of a pain having to have a charged up and active…
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What to do with 10k indefinitely?
Received a letter a few days ago telling me a bond I have with NS&I is due to mature in 1 month, and I can cash it in or re-invest in one of their products. It's worth £10,000. I'm not sure what to do with it, since I have a mortgage and savings interest rates are low, and I've never invested in anything like stocks and…
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Tax on Child Savings?
I know this has been covered at length, but I still can’t get my head round the question of tax. Grandparent wants to save around £30 a month for newborn grandchild to help with house deposit when time comes, so we’re looking long term. Savings need to remain in grandparent’s control. No intention to set up official trust…
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Self-select ISA?
I was reading the Sunday Times Money section and came across the following from William Kay: "If you keep your own portfolio you will need a self-select ISA, which usually costs too much to be worthwhile for basic-rate tax payers". I don't understand this. I am planning on starting to self-invest in shares/trusts and…
