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Short term lump sum investment ADVICE PLEASE
I have a lump sum from a house sale - £82,000, which I need to safely tuck away for a few months, probably less than 12. What should I do with it? And does it matter if I choose an account paying annual rather than monthly interest and remove all but the min balance required to keep it open before the year is up? ie what…
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Do sweeping accounts exist any more?
Hi, I used to bank Openplan with the Woolwich and had the great system where any money would go into a higher interest savings pot, then when it was needed just transfer back into the current account - Barclays have fouled this system up totally and I want to switch - but can't find anywhere that does anything similar.…
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Savings advice for nieces
Hi, I have two nieces who I have been saving for into a bog standard savings accounts. I want to move the money (just over 1K each) into a better intrest option and I want to continue to save (£10 pcm each). I don't mind splitting the activity. Any suggestions (I'm finding it all a bit confusing!!). Cheers.
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What to do with £50k?
Hi, My Mum has recently sold a house and her share is £50k and isn't sure what to do with it. This is all the money she will ever have in her life, apart from a small pension, and needs some advice on what the best thing to do with it. She doesn't need access to it immediately. Where do you think she should put the money?…
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New savings account
Lloyds have made a new account available paying 2.2% or up to 2.78%APR if non taxpayer. Incentive Saver (accounts opened from 2 May 2010) Tier No withdrawals each month One or more withdrawal(s) each month# AER%* Gross% Net% AER% Gross% Net% £1 - £50,000 2.78 2.75 2.20 0.00 0.00 0.00 These interest rates are correct as at…
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Faster payments from a savings account
I'm currently looking for an instant access savings account (something like the ING Direct Savings account), but I'm a bit confused about how faster payments work with them. Several I've looked from places like ING, the AA, and Tesco, talk about transferring in using faster payments, but they seem a bit vague about…
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What to do with a London Electricity share cert
I need some help as I have just found a share certificate for 100 shares in London Electricity dated Sep 1992. I need to find out what I can do to see if the certificate is still valid and what to do with them as I believe EDF Energy bought LE out in the late 90's Thanks
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can i close my bond??
phoned up nothern rock this week to withdraw money from my bond[issue 374] was told i cant withdraw funds so thought had nothing better todo than close account to which i was told i cant, i cant get my own money except for on my death .was told i should read small print & would been told about no withdrawls etc but i…
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First Home Saver (Special Issue 1)
http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1210611105334&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateB2 * Enjoy – a great variable interest rate of 5.00% gross/AER on your savings for your first home. * Save – Make an initial deposit of between £100…
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Cahoot / Santander- Same Customer Service Depts?
Hi I'm considering opening a current a/c with Santander to receive the 5% rate and open a 6% monthly saver a/c with them. Do Santander and Cahoot share the same customer service departments?
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Cheapest Certificated Share Sale
Hi, A sharesave plan I was a member of has resulted in me receiving a share certificate in a FTSE 100 company worth approx £6000. I want to sell this as economically as possible, whilst also having control over when I execute the deal (I.e. I want to deal online or on the phone). The reason for this is that the stock is…
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Duplicated Credits - Barclays to AA Savings
We've recently opened the AA Savings online account (operated by Birmingham Midshires). Drew nest egg out of Coventry BS into Barclays current account, then have been making online payments from Barclays into AA savings. Many credits have been turning up twice each, firstly as faster payments, then same day or sometimes a…
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fixed rate
I have 100k that I want to put in a fixed rate account I can leave it there for up to 3 years the best rate I can find is with ICICI @ 4.25% for 3 years I want to take the interest on a monthly basis it will be a joint account does anyone know of any better paying accounts
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Simple monthly investment plan
Hi, I would like to start investing some of my spare income in the following way: * Only invest in a single index linked fund (such as the FTSE all share) * Add to this "portfolio" every month (like a savings plan) * Not take anything out, but keep for the long term (20+ years) I have a couple of questions: * What would be…
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Savings for Children until 21 years old
:o Sorry to start a new thread on this but I did do a search and couldnt really find what I was looking for! My situation is I have a son aged 6 and another baby on the way due in November. My son receives £250 every June and December from a very kind Uncle and I'm sure our new baby will too. Up until now my wife and I…
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Wendy
Received a letter today from Santander, they had taken over my childrens accounts from Bradford and Bingley. I had not had prior warning this was to happen. They have changed account numbers and incorrectly put names on the accounts. I now have to go in to the bank to prove who I am, My son now has an account with a…
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HELP with mums £10,000 savings
In 2006 my mum was left 10,000 and was advised to invest it in R.B.S (Norwich Union) Guaranteed capital bond. Protected bond- option 5. Having lost most of her paperwork and very unsure of the interest and how this works can someone help her on her estimated returns if this investment policy matures next August. Im sorry i…
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CGT Bed & Breakfasting Rule
Hi, I sold my entire portfolio of shares a few days ago and used up this tax years entire Capital Gains Tax allowance of £10,100 in the process. The thing is I want to buy back (in the next week or so) shares in some of the companies which I have just sold. I know that there's some rule against doing this (see link below)…
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New Coventry BS Bonds
Coventry Building Society have two new bonds, 3 year 4.20% and 5 year 5%. Monthly or annual interest, no access to 3 yr bond, but access possible on 5 year bond with loss of 180 days of interest on amount withdrawn. Telephone or online operated. http://www.coventrybuildingsociety.co.uk/savings/fixedbonds.aspx
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Santander ISA
I am trying to open the Santander ISA recommended by this website so I can transfer money from previous ISAs into it. I applied online at the Santander website 3 weeks ago, and only yesterday received through the post various login details for their online banking, but still no information about (a) my ISA (whether it is…
