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Compounded interest and AER
Can someone please explain as I'm not sure how it works - if you put a some of money into a savings account paying say a rate of 4% (gross) per year over 5 years, and have the annual interest paid into the same savings account thereby earning compounded interest, would the AER over the 5 year period be higher than the 4%?
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Any MSE users on Twitter? What's your handle?
I'm about to sign up for Twitter, just wondering if any of the users on these boards are on there too? Noticed a few people to follow from the financial sector, but would be cool to have some like-minded people on there. So if you use it, what's your handle?
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Short term - instant access.
I have about £13,500.00 that I need to leave somewhere for about 12 weeks. Currently it's in my chequeing account. What would be the best, easy, instant access thing to do with it? Thankyou. I'm finding it all a bit overwhelming.
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6% interest
I have inherited a private mortgage with an outstanding balance of about £240K (as the mortgagee) and would like to sell it on as I'd like the money now to buy a bigger house rather than receive it in monthly installments for the next 14 years. Does anybody know how I could do this? (the mortgage contract is assignable)…
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Where should I put my savings
Hi I need some advice. I have £10,000 to invest but not sure what type of account I should put it into. I was originally going to put it into a NS&I bond that tracked inflation but that has now been pulled so not sure what to do. I don't mind not being able to access the money for about 12mths so not sure if I should go…
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Nationwide protected equity bond query
Hi all, First post and looking for some help about the above account and if it is suitable for my MIL. To explain the cicumstances MIL was last year diagnosed with terminal lung cancer. Could not have any treatment due to an underlying condition. She has been very philisophical and dealt with the situation extremely well.…
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Top fund pick - class of 2011-2012
Just for fun...if you had to pick one investment ISA fund to watch out for in the next 12 months to out perform the Market - which would you pick and why? Jabba
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Investment
:j BEST WAY INVEST £3 MILLION?
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Private Equity Investment Trusts
I have recently sold some shares for a tidy 4 figure profit and am looking to re-invest the money. I have been looking at private equity investment trusts as an attempt to diversify my ISA portfolio. Two private equity investment trusts have caught my eye: -* HgCapital Trust plc; and * Northern Investors Company plc They…
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best place to invest £4000...
Hi! My 18 year old daughter has just had some money given to her. She is notoriously bad with money so we have decided to invest it for 3 - 5 years. Would be grateful for any advice as to where to put it! I am new to the site..so thanks in advance for any help! :)
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Savers 'lose £40 billion' in two years
http://www.bbc.co.uk/news/uk-14832742 Anyone else think this is nuts? All the people that are/ were living out with there means with cheap money from the teflon banks are again rewarded today with 0.5 percent interest rates. On the flip side its those who have worked hard, saved hard & bought what they can afford, get the…
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What happens to the share price of a company when
What happens to the share price of a company when its promoted or to say FSTE 100 or 250. Im thinking it spikes up when it enters and then possibly settles down ?
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B Midshires Telephone Xtra not easy access for all!!
Firstly, sorry for the long essay but its therapy for me!! Hubby and I have always sung the praises of Birmingham Midshires Telephone Extra Instant Access savings account for its convenience and ease of access............but after yesterdays events Be warned! No1 son has had a said account for the past year and as the…
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Can standing orders be paid FROM a Santander eSaver?
Can I set up a Standing Order to be paid out of my Santander eSaver account? What do I use as the "branch address"? Thanks
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Can someone explain Nationwide's transfer policy?
I'm just curious: A fixed rate account with another Building Society matured earlier this week and the funds arrived in my NW Flex account this morning. I wanted to transfer the whole amount to my Derbyshire NetSaver account, so I went online to do so. Now the limit for transfers to another organisation is £10k. I was in…
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Vanquis Saving Bond
I have just found that this Credit Card Company are selling a One year Bond with interest of 3.45%. I have not heard of them or seen their name in the mse recommendations. Has anyone used them and are they a company worth putting savings with. I have a sum to invest and think that this is a good deal. I note that that they…
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Bitcoins
Hi, I like the idea and thought of buying 500-1k coins (mostly for excitement). With prices as low as they are now and use picking up (in the US at least) plus all media attention – what is your opinion? I’m not asking bubble-wise but if it has any settled future as intended, taking into account anonymity, total/trading…
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AA Internet Savings Acc - question from a dummy
I opened an AA Internet Savings (Issue 2 Stage 2) Account back in March 2010, and it gives me 2.8% interest including 12 month bonus of 2.3%. I got the interest in March after 12 months, and I'm happy with it, so I left my money there. Will I get another 2.8% in March 2012? Or do I just get the 0.5% without the bonus?:(…
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Can anyone see what moves the market?
Can anyone see the news info that moves the markets in real time? Or do professional traders and fund managers see market moving news before the rest of us? For example today, the main news I see which I imagine would have moved the FTSE was the BoE decision released at 12.00 which indicated unchanged interest rates and no…
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Offered 4% to combine Savings+Current A/C??
Hi, A friend has told me that a few months ago his bank manager at Lloyds (I assume TSB?) offered him 4% on his savings if he merged his savings account with his current account. I asked if he meant to Vantage account that limits the interest it pays at £7500 (i think?) but he seemed rather sure it was a 'special' deal…
