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Reducing Interest rates without notification.
I opened a savings account - Direct Bonus Account 3 - with West Bromwich Building Society(WBBS) in January 2012. The interest rate was(I quote) '3.13% Gross p.a. AER variable(which includes a fixed 1.38% Gross p.a. until 28 Feb 2013)' I have just had a letter reminding me that the bonus finishes at the end of this month.…
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Risk 'free' investment
I want to invest a few k in a 'risk free' investment that may offer a better return than the amount I can get on cash savings. By risk free I mean the value of my investment will not actually decrease. i.e.if I invest 5k it will not go below 5k........yes I know that if in a year it is only worth 5k I have in effect 'lost'…
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Inflation high but Interest rates low?
It seems to me that the BOE want to keep interest rates low at any cost! Nothing is coming to the rescue for savers. the Bank said it would ‘look through’ – or ignore – the spike in inflation in a clear signal that it is in no rush to raise interest rates in an effort to curb soaring prices.
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Safe custody holding mystery!!!
Okay heres a weird one .... Looked at my bank statements today, and ive had 2 charges of £25 each, rung the bank as I havent been over drawn etc so wondered why! They explained it was a safe custody holding fee. Which ment I have 2 safes in Natwest that are in my name and I needed to go to the bank and speak to them! Off i…
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Bank of Baroda
Is anyone else had issues with trying to set up an savings account with these people. Made an application to open a 1yr fixed bond @ 2.3% about a fortnight ago and haven't heard anything from them. This bond is now being advertised at 2.1% so I'm wondering if they've just had a massive amount of applicants for their 2.3%…
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investment trusts and unit trusts
what investment trusts or unit trusts do we invest in i have schroder japan and foreign & colonial
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Austrailian dollar investment to UK pounds
Hi all My wife and I have received a cheque today from an investment in Australia for over $10,000 .It is in both our names where would be the best place to cash this cheque to receive the best exchange rate. any advice would be grateful
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Aberdeen EM
Aberdeen Asset Management insists a 2% charge is needed to prevent popular funds being swamped with new money. Aberdeen are about to introduce a 2% entry fee to their EM fund. They say it is to limit incoming funds and that the 2% will be added to the fund value and not the Aberdeen bank faults. Two things strike me as…
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Tax free ISA vs Regular savings
Hello all, Before I go ahead and begin my post I would like to make clear that I am new at this whole savings thing. I have constantly lived earning a wage and making damn sure I spent every penny and then owed the banks in charges etc. So now I am a father and living a new trying to make a little in return. I have 10k…
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Stocks & Shares ISA
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Advice please - Childs saver required
Hi, We've had a letter from Halifax saying that the interest has stopped being paid on our sons account as it was only for 12 months when we took it out. We've now transferred the sum into his other savers account (low interest but no regular savings required). What would be the best thing to do with this money now? We…
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F&C Childrens Investment Plans - New Charges
Got home today and found letter from F&C advising that their children's investment plan charges are changing so that they now charge an annual fee of £40 per account. I need to review what I keep long term; if all such accounts bring in charges then it would make sense to consolidate into a single place rather than paying…
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Tax refund on child account
We have Section 975 certificate for my daughter's Nationwide fixed rate bond that shows she paid tax on the interest despite us completing the necessary forms (twice!) with Nationwide to prevent this happening. What is the easiest way to claim back the tax paid? My wife is listed as a Joint Investor but it is my daughter…
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MSE News: Post Office delays cuts after not alerting savers in advance
"Some Post Office savers' rate cuts will be delayed from 17 January until 25 February, but not all are so lucky..." Read the full story: Post Office delays cuts after not alerting savers in advance Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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ISA or 123 current account?
As a basic rate taxpayer am i better off keeping my money in my M&S isa which drops from 2.75% to 2.25% interest from 6th of march or putting it in my santander 123 current a/c paying 3% on balances over £3k?
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Quick question - Junior cash Isa's
If I open a junior cash ISA for my daughter in April can I pay up to 3.6k in the same cash ISA every year i.e. I don’t have to open a new one each tax year do I? Thanks
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Regular Savings
Hi All Wife and I have filled up this year's ISA allowance and looking for regular savings options. Between us we could stretch to about £1000/month but from what i can see most RS accounts limit u to £250/month? Any ideas, thoughts most welcome cheers
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NS&I Index Linked Savings. What to do on maturity.
3 years ago I invested £15000 into NS&I index -linked savings. It will mature on 5th March at £17,458.08. I believe the initial rate was RPI+1%. I am now being offered a further 3 years, but at the rate of RPI+0.25%. At least it is guaranteed above inflation so I'm tempted to take it. Does anyone have any advice?
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Question re: Funding for Lending ...
This question may be simplistic but I would like to ask it: Does anyone know HOW LONG the so-called 'Funding for Lending' programme goes on for, e.g., what is its term? It seems to me it has almost entirely destroyed the saver's market. :eek: Does the government really want to push people to greater risk? I would have…
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5 year bonds
My elderly father is considering a 5 year bond for his savings. What happens if he dies before the 5 years is up, does he lose all the interest?
