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Savings & investments

Archives for December 2009

Money gift
My Mother is in her 90's and in good health she has savings in excess of 25k. She has made a will but she would like to 'gift' some of her savings to her 3 children now. A. How much is she allowed to gift and how often. Please can you advise me what the implications of this would be if B. she had to go into a nursing home…
currency trading (Forex)
I am really interested in currency trading, has any one dabbled? How did you get on? or do you know of a site that can be trusted? any tips and advice. Thanks jkc
Child Savings
Hello! Myself and my partner are expecting our first child in January 2010, and I am currently researching what savings/investments we could pursue in order to ensure our child gets a good start in life. I've considered the CTF, but after reading a lot of stories, this is a bit of a risky investment for us at present. Due…
Barclays refuse instant access to savings
I'm fuming. I had a Barclays regular savings account that matured in October to a "more for more" savings account paying a lousy rate of interest. I also have an e-savings reward account with them that I have never used. I thought I would use the last day of the Xmas break (BH Mon 28/12) to sort out my savings, and tried…
savings account for elderly mum
Phew..! didn't think I'd be seeking help here but I've searched the 'usual sites' (Moneyfacts/supermarket etc) but getting the right search filters is hard: I've discovered my mum (mid 80s) is regularly keeping 1000s (at present 12K) in her c/a, and has no savings account. So she needs a saver where she can have access,…
Maximising interest - Cash ISA or Regular Savings account?
I've noticed that ISA providers are offering extremely low rates of interest at the moment. I have £8,000 to invest - would I be better off drip-feeding this into the most preferable Regular Savings account than setting up an ISA? I realise this applies to only the first £3,600 of the £8,000. The rest I would put elsewhere…
£5000-£7000 in which current account do you think?
Hi, my mum has between £5000 and £7000 to invest/put in a current account, currently it is in a TSB account ('internet saver' i think) and earns a pathetic amount of interest, please can anyone advise me of what account to choose to get the best amount interest? Or even advise me where to look? Ps- Tsb do an account called…
Best Cashback site to get A+L Premier Direct a/c?
Hi, I have been advised to use the 'Topcashback' site to apply for the A+L Premier Direct account (which pays 6% on a balance of £2500) because it can get me £50, i have also been advised to use Quidco, which one is more advisable please? Oh and how do i find out if there are any accounts that give a reward for joining…
What to with all this money!
I have two endowment policies which mature soon. One is this may and worth around 28K the second will mature in 2014 and will be worth around 11k. Both are with Prudential (formerly Scottish amicable). They are designed to pay off part of my mortgage. The remainder of my mortgage is a straight repayment. The mortagages…
Child Savings Account
I am looking for a good child savings/bank account. I currently use Nationwide smart parentbook. Is there currently any better out there at the moment?
Money Market Account
I would like to know the pros and cons of a money market account versus a fixed bond (in terms of possible interest) and that of the Investec high 5 account.
Tax avoidance on a 5 figure sum ?
Just curious, if someone had say a four or five figure sum in a savings account is there a way to "gift" it to someone i.e a relative who does not pay tax on there savings interest, then at some point in the future "gift" the whole lot back again ? :)
regualr saver v lumpsum
I have £6000 sitting in Nationwide cashbuilder account and thinking it moving to either Principality BS 4.50% Fixed Rate1 Year Bond Regular £500 pm or Julian Hodge Bank 3.45% 3.45% 1 Year Bond Lump sum £6000 but not sure which one to put in, please someone claculate for me as to which one will give few pounds more then…
Investment advice for Residential Home Fees.
I hold Power of Attorney regarding my mother's affairs. She is suffering from dementia and is living in a lovely small residential home near me where she is very well cared for. She moved in a year ago and we have been using her savings to pay for her care along with her state pension, attendance allowance, some pension…
Barnsley bs 1 year bond
Matures in November 2010 however iv had post through saying might be merging with Chelsea? Are my savings at any risk at all? If i piled alot of my cash into there am i right in thinking it will automatically get put into my bank account when it matures and its safe upto £50k?
Need to live off £100,000 until retirement
I'm trying to help my mum out who is about 5 years away from receiving a pension. She hasn't worked since my dad passed away and is running out of money, as a result she has decided to downsize the house to free up £100,000. So she can carry on living the same she does not I believe she will need £10,000 a year. What is…
How much of my Salary should I be saving?
Hi, Anyone know roughly what percentage of my salary I should be saving? (for nothing in particular, just to put away) I know it will depend on many factors such as salary amount, lifestyle, age etc.. But roughly speaking for a person in early 20's? I Just have a feeling I may not be allocating enough for savings, which…
Leeds and Holbeck BS Instant Acces Online 3.05% gross.
Hi all just noticed this may be of interest to some people... http://www.leedsbuildingsociety.co.uk/ Its a limited issue and includes a bonus until september 2010
Saving whilst abroad
Hi My sister is living in Thailand and wants to start saving, ideally with a UK based bank (and one where you cant withdraw- she cant trust herself!!) but she pays each time she sends money to the UK (about £10) does anyone have any tips on where to go to avoid paying or any well suited Thai or international banks many…
£40k - What do with it?
Hey guys and gals, Just after a few ideas. My grandfather has has £40k in savings (ISA's) pretty much doing nothing at the moment. Think he has it in Lloyds TSB ISA earning 2% or something. Just wondering if you have any ideas of how he can best benefit from this cash. In all honesty he doesn't need it for anything at the…

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