-
£85k Savings Protection - Is it Smoke and Mirrors?
Hi folks, Having just read about the £85k savings protection in accounts being "100% safe" (http://www.moneysavingexpert.com/savings/safe-savings), the article then says: - The FSCS (who run the protection scheme) does not have a pot of cash ready to pay out if a bank failed (i.e. the banks who are part of this scheme have…
-
NS&I (National Savings & Investments) lost account tracing service
Hi and sorry if this is in the wrong forum! I am just wondering if anyone has had any experience with the National Savings & Investments lost account tracing service? I submitted a form to them a couple of weeks ago via recorded delivery and am awaiting a response from them but am guessing it's too early to chase. Would…
-
Fidelity MoneyBuilder World Index Fund A-Accumulation
I am still dithering about investing in this fund on a monthly basis. The charges do look very low, but then on closer inspection: Quote: Standard costs Annual Management Charge(including service fee) 0.10% Other Expenses 0.20% Service and platform charge N/A Refund of service fee N/A Cost 0.30% * Please note, 0.65% is the…
-
Santander when to transfer money
Quick question: Does anyone know/can find in the terms in conditions (I've tried I can't) whether interest will be calculated if there's no direct debits set up yet? I've transferred more than two direct debits over but they are not currently listed in my account when I view the details on-line. So I'm assuming they take a…
-
Recommendations and reviews
Just looked at the two best savings rates suggested on this site - and the reviews of the banks offering them. On the basis of the reviews, I wouldn't consider using them. Their customer service seems appallingly badly organised. Why doesn't this site automatically link to the review sites? or offer its own review site? It…
-
Injustice: Child Trust Funds
We found out the hard way that kids with a CTF in place are not allowed to transfer to a Junior ISA, which replaced CTFs in 2011. With no new customers, providers are offering poor interest rates and have started to ratchet up their management charges, which given the "can't move" restriction, means kids with CTFs in place…
-
Child's Account - does anywhere accept 'known as' names?
A slightly unusual situation which I haven't found an answer to yet. Child has their birth surname (Smith). Child Smith wanted to take on mother's surname (Jones) because mother has reverted to her maiden name. Child's father (Mr Smith) refused permission to change permanently (by deed poll), but allowed the child to use…
-
Bond Prices
Hi all Sorry if this sounds incredibly dumb but could someone please explain how bond prices work. As an example: Unite Group Plc Bond Coupon 6.125 Maturity 12 Jun 2020 Price 106.25 GRY 5.073% Lets say i bought £100 of this bond, what would my yearly coupon be and how much do i actually get back at maturity? Cheers
-
Vast sum to invest - advice
I have been lucky enough to amass savings of over 500k through gambling. Currently I have it all in saving accounts/bonds at varying interest between 1.5-2.7%. I want to look to other forms of investment in the hope of better returns but im undecided on how to progress. I’m 25, live in SW London and am about to begin a one…
-
ISA rate now dropped, where to transfer it?
-
Buying shares for a minor
Can anyone recommend an online share dealing account which will let me setup an 'Account Designate' so that any shares I buy are designated to my young nephew? I've had a look around and contacted a couple of companies but they don't offer this service. They tell me that I can just add his initials to my own account but…
-
MSE News: Banks should warn over savings safety limit, survey says
"Banks should make it clear to savers when their deposits exceed the £85,000 compensation limit, an FSCS survey has found..." Read the full story: Banks should warn over savings safety limit, survey says 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…
-
saving account and their interests
I have this question that made me wonder whether it can be applied or not. Saving accounts (not ISA) have a good interest rate, the only problem with these interest rates is that there's a tax charge on the profit which reduces the profit drastically. However the 20/40% rate is applied to a tax payer but what if the person…
-
2013/14 allowance after transfer
I plan to transfer £2500 from a 2012/13 ISA into a LBS ISA paying 2.55%. My first question is can I add additional money into the LBS ISA? My second question is will this be classed as 2013/14 money therefore I can only add an additional £5760?
-
Junior ISA question
-
Investing UK based money whilst living abroad
I've seen this subject mentioned a few times, but mostly along the lines of:- Question - Can I open a new bank account whilst living abroad? Answer - No, you can't. End of discussion. The issue is that I'm living abroad and have approx £40,000 sitting in a UK bank account earning about 0.1% ie pretty much nothing. The…
-
Interest on ISA?
-
What should I do with my windfall?
Hi guys, I'm new to the forum but been checking for tips for a good few years now! Anyway, I guess I've always been a DFW, struggling for a while. However I recieved a windfall of about £4k, so it wipes me overdraft and I've got £2.5k left. Where's the best place to put my money with the option of withdrawing in case I…
-
First Direct - Cash ISA tiers
-
Coventry online saver restriction
Have Coventry Online saver2 and recently opened Online saver4. Just noticed today in T&Cs that you cannot open an online saver account if you have ever opened one before even if it is now closed. I applied online in good faith and was allowed to open a second account. Not sure if I am missing something but why would…
