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Faster Payments - Savings Accounts
Many savings accounts are beginning to allow withdrawals to be made by Faster Payments. However different institutions limit the maximum amount permitted in a single transaction (e.g. First Direct has a transaction limit of £10k) or have a daily limit (NatWest has a daily limit of £10K). The ability of a savings account to…
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Saving Bonds
So I got a 3yr bond from YBS, stuck in £2600 and the shortly after it closed. I never realised that I cannot touch this for 3 years now. School boy error.
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Tesco Bank - future dated payments
Does anyone have experience with Tesco Internet Saver future dated payments? 1) Do they go out via Faster Payments? 2) What time are they processed?
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ISA Transfer limit
In 2009-2010 I had an ISA with Barclays for the full £5100 - In 2010 I transferred this to Halifax but what happened was they transferred the original £5100 plus the interest I gained in that year so in total £5265.94 was transferred. As the limit for 2010-11 is £5340 does that mean I can therefore top that amount up to…
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self select isa for weekly saver?
Hi I am thinking about putting savings into a self select isa on a weekly basis, only about £20 a week, this is a long term plan for me, is it worth it only investing such a small amount each week? I am unsure about the fees, I don't plan to buy shares just spread in over historically good performing isas. Keith
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How much to keep in savings?
Hi, we are looking at building an extension, which will use up savings & a loan / mortgage extension. But my OH and I can't agree on how much of our savings to keep. I want to keep about £5k (£3k earmarked for our children, and £2k for unexpected money issues / a future holiday). I am not working at the moment due to the…
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Investing in trust
I have about 60,000 to invest "in trust" for my cousin, I want a secure investment very low risk. When I try to open building society account they do not seem to deal with "Trustee" accounts, does anyone know ho does? Thanks for your help. Terry
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Advice & Info re guarenteed reserves????
Hi, My grandparents have had a guarenteed reserve for a number of years. They are now at that age where they want to start enjoying their money instead of it being stuck in a bank. Ive tried to look on the internet about how they need to go about getting their money out of the guarenteed reserve account eg how much they…
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Will my retired parents get taxed if they withdraw all funds from Pru Bonds Fund
In 1993 my parents jointly invested £20K in a Prudentail Prudence Bond with Profits Fund. In February this year the value of the fund was over 2.5 times their original investment. With both my parents now in their late 80's early 90's I am trying to sort out their current financial affairs plus ensuring that they have…
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Choosing an IFA: what qualifications to look for?
Hi there, After receiving advice here I am going to help my elderly foster mother to get advice from an IFA regarding her S+S ISA which is underperforming. I know about unbiased.co.uk but I'm not clear what qualifications I should expect the IFA to hold. Also, is it likely that the IFA would wish to meet with my foster…
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Chinese style interesting times
We seem to be right in them now. As a couple 75 y.os with reasonable final salary and state pensions, do we hold our ISAs and insurance bonds? Or maybe it is better to liquidate some at least before it all unwinds? Thoughts?
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Euro chq
Hi, I have received an inheritance chq from ireland in euros and i want to convert it to sterling but not sure the best way to do it so i'm not stung too much by the bank rate and fees. I hear high-street banks are a no-no so i was considering maybe opening a citbank euro account and keeping it there in euros and then at…
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HSBC Share prices are rock bottom - wise to buy?
Hi Everyone, I'm new to this forum. My mum has recently acquired a sum of money and used it to invest in HSBC shares which have dropped extremely low recently. I have a fairly basic understanding of how the stock market works so what I'd really like to know is if this is a wise investment or not? Especially with most banks…
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Time limit for mis-selling claim
Can anybody tell me if there is a time limit for making a mis-selling claim about an "investment". I have recently found the paperwork filled in by a so-called advisor (i.e salesman) regarding an product I bought about 15 years ago and sold at a loss seven years later. I fully understand that the fact it lost money does…
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£30,000 inheritance - sitting in a bank
hello all! for a few months now, i've had almost £30,000 sitting in a bank account earning interest of around 90p a month - not that much! i would like to put it away for a few years, but im not sure what the best deal is. i've seen santander give £1k for every £12k you put in, which is a three year commitment - it sounds…
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ethical forestry
I am planning on subscribing an investment in timber with Ethical Forestry. Has anyone got experience with them? Is this sort of investment reliable? They promise good returns so I wonder if it is too good to be true.
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Best investment
We have both got the maximum amount in ISA's, and have another £15k to invest, the wife doen't pay tax, what is the best place for an investment? Thanks in advance for any advice
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Cash ISA, when can I transfer?
I have a small amount of savings on a cash ISA from HSBC. I getting next to nothing interest. I want to move it elsewhere but I don't really understand when I can transfer my cash. I haven't paid any money into it on this financial year, can I transfer this year or not?
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Cash in my NS Certs before the RPI drops in Feb 2012?
Hi, not sure if anyone has spotted this but if you have Savings Certificates interest is credited annually and the RPI is due to lower significantly from Jan 2012, after the 2.5% VAT change drops off out of the calculation. So if you cash in by February are you better off by 2% but lose the annual c.0.5% bonus and the…
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Santander slow to pay out
I emailed Santander last month asking to close my online savings account, and requesting them to transfer the closing balance to my NatWest current account (like all previous withdrawals I've made). After a couple of days they informed me it was not possible to do this, and for account closures they would have to send a…
