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Savings and School Fees
I am expecting to inherit about £60K which I want to put aside to pay for private schooling for my son. What is the best place for this money given that I would obviously like it to attract interest but that I will also have to make regular (termly) payments out of it?
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Very short term savings???
Is there any such thing as very short term savings?? Roughly 4-10 weeks. I am sellign my property and have a 1-3 month gap before my purchase goes though. I should get around £50k back from the sale. Is there anywhere i could save this for the short period or is it not worth the hassle and just deposit it into my current…
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Bonds help I have few questions
Hi I have learned all about saving accounts thanks to this forum, now I need help on BONDS: 1) Where can I buy bonds (can i buy and sell them from https://www.londonstockexchange.com/exchange/user/login.html or is there a better place. 2) Is Coupon the amount of interest your get paid each year, like on saving account 3)…
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Where to start?
Hi everybody :) I graduated from university almost a year ago and was fortunate to land a job that's allowing me to start to build up some savings. My question is - how can/should I save it? I opened an ISA with Halifax a few months ago without realising it was only allowing me to pay in for a 60 day period, which has…
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Best interest rates for 1 year no access £10000
Could anyone please answer the above? The complication in my case is that I live in France 365/365 and pay tax in France, albeit a tiny amount due to small income. I have a Nationwide Flexacccount with e-savings and a Lloyds Classic Account and online saver. These were brought over six years ago when we moved to France.…
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NSI ILC's first year
£15000 pays £573.Quite happy with that as it is tax free.
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Curiosity: What were the rates when times were good?
Before i "got into" banking, i just put some money into an ISA that i could afford to say goodbye to, but i left the majority on my current account with Nationwide, which would pay a nice amount of interest at the end of the year. I had about £10k on my FlexAccount at the time. When one year i received £0.00 & looked into…
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Poor Long-Term Savings Rates
Given that interest rates over a 5 year time horizon are more likely to rise, why are current 5 year fixed-rate bond returns so poor (less than 4.5%). The differential from 2 and 3 years fixed (and even from ready access) seems disproportionately low. Are there any signs or comments in the market suggesting that long-term…
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ISA Questions
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Investment Question
My wife received a letter from Axa Wealth about her Elevate investment. Copy of statement is at www. insidethematrix .co .uk / img004.jpg (sorry new users cant post link but thats the link) What she wants to know is - is that money available to her to withdraw? Thankyou.
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Investment advice
Hi Guys, I am looking for some advice on how to use funds of around 10k to make a good return. I currently have money in an investment which should pay out a fixed 30% return within one year, however, i am looking to distribute money and perhaps invest elsewhere, maybe just invest a few grand here and there. I am…
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Best Passbook savings account
Looking for the best passbook savings account, they don't seem to pay very good rates of interest now though. The better rates all seem to either be for online or post only. Are there any suggestions for a branch based passbook account only paying more than 0.1% interest?
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Early Exit Fees-How much?
Hi Early this year we invested £10,000 in a Credit Suisse inflation linked 6 year bond (for our 2 year old daugher) via the Yorkshire Building Society. We have since thought better of this and realise the money would be better paid of our mortgage and we can save up for her later. In the small print it says there are early…
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faster payments
Does faster payments work on a saturday & sunday? Thats the name of the instant transfer of money online via different banks right? will the money show as received in the receiving nationwide flexaccount?
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What funds are people investing in?
Hi guys I am looking at regularly investing in small amounts in a few funds and all my past choices have dropped over last yr so need some advice, i currently invest 100pm in Aberdeen Emerging Markets and AXA Framlington Global Technology Fund. I have small amounts invested in these but stopped and all are down especially…
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Derbyshire Building Society cheque clearing delays?
Hi everyone I wondered if anyone else is encountering the same issues I'm having with the DBS Easy Access Online savings account. I opened my account early this month with a cheque deposit of £1,000 as required. I've received all the online access details and have reviewed my account online. The account shows the inisitial…
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Purchased Property with 2 Friends and thinking of Forming Company
I recently purchased a property with 2 friends as an investment. We were thinking about forming a company. I was just wondering if anyone knew how we would go about doing this and what it would require/cost. What are the advantages/disadvantages? Thanks for your time :)
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Child Savings Accounts Which one?
Good morning all, I'm very confused over which savings account is suitable for my daughter and hoped someone knowledgeable in this could help. She was born in 2008, we invested her CTF into a Britannia Account: Child Trust Fund Non Stakeholder. It's earning 1.05% and I'm fairly sure I should be investing her money…
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How much spendable income would you get from £5 million of savings?
Hello, I have been trying to calculate the amount of income you can spend when having a principal saving of £5M while maintaing the same wealth over time. The principal needs to grow to cover inflation to provide for long term (or perpetual) income. I have read a lot of opinions on this, and the 2 primary variables seem to…
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Best place for £3000 for two years
My 17 year old daughter has been given £3000 and wants to save it for 2 years so she can then buy a car. Any suggestion?? I have looked at junior ISAs and not sure if this is the best way forward. She is 18 in January. Thank you.
