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New to Saving - advice needed
I am very new to saving. Have managed to pay off debts. Just have my mortgage left which is approx £35,000 and ends in December 2017. I have put £5,000 in an ISA and have put £17,000 into premium bonds. I am hoping to start saving around £700 minimum per month now - can someone please advise where I should save this? My…
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Rules of Engagement
Everything I have read has suggested you formulate some investment rules before you start then stick to them. My rules for £20K are below. What's yours? 1. Work out your asset ratio dependent on what your attitude to loss is, and how long you expect to be in the market, and how much cash you want as a back up. The ratio…
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Nationwide Savings - Advice pleae
I am looking at Nationwide's Savings Plus Internet Savings Account. Surely if it pays 2.00 Gross/1.60 net, it is quite a good account ?. I don't understand why I can't find it mentioned on the MMT's email I received today when I look at 'Savings'. Am I missing something Folks ?. I know there are limited withdrawals but…
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What to do with 10,000
I have just received £10,000 and I have no idea what to do with it. I don't have any debts or mortgage I would just like to save/invest so I can maybe increase it.
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current account/savings account tax question
Hi I have a santander 123 current account which is a joint account with my husband. I also have a santander esaver in my name. Our esaver is coming to the end of its good interest rate and I am thinking of transferring our savings into our 123 account so they can earn 3% interest (we have 20K) I am not earning enough…
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3-6 months salary untouched
Just curious to know how many people do follow this advice (assuming no debts to pay off other than the mortgage). I hear this recommendation over and over and over again but who takes any notice, particularly at a time when salaries are frozen and interest on savings is so poor. I currently have just short of 3 months…
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What are the chances Santanders one year bond rates will drop further in short term?
Hi, I have 50k maturing soon and want to put it in one year bond with Santander at 1.75% but could earn over 3% up to middle of july with an old esaver that is due then to drop to 0.5% but would earn 1.25% new esaver issue 10. Just wondering should I transfer the 50k to the existing esaver and have over 40 days interest…
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Transfer to my son.
I have been paying £25 into a Invesco Perpetual Childrens ACC shares fund since my son was very young. He has now turned 18 and working, so I am going to transfer it into his name. On the transfer form it mentions SDRT (Stamp Duty Reserve Tax) and you have to declare by ticking two boxes that 1, the transfer is not for…
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Help with savings options please
Hi everyone, I consider myself reasonably financially savvy, I'm a qualified accountant and keep a very strict eye on our money but I could do with some advice and was hoping you kind folks can help me. Me and my husband currently have £5.6k in an instant access savings account with 1st Direct (where I have our current…
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Guess The Equity
I receive junk mail share tips from Motley Fool and usually try and guess which equity they are tipping from the clues they give. I am a bit stuck on one of this mornings "recommendations": An Irish firm that enjoys a 37% market share in the UK The product is sold through all major supermarkets The firm has agreed to…
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Index-linking + 0.15% a good deal?
I've got an investment maturing shortly and I've been offered re-investment (tax free) for 3 years with index-linking + 0.15%. Does this sound like a good rate? It doesn't sound that good to me but I suppose with the index-linking it's got to beat inflation. Not sure I want to tie money up for 3 years, I could use it to…
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Lasting Power of Attorney and Internet A/Cs
Morning All, After a bit of advice and wondered if anyone out there had been through this loop before. The situation is this. I have Financial LPA for my mother who is now in a care home and I have some money to put away on her behalf after the sale of her house. Of necessity it will be going into short term savings -…
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Advice needed!
I am completely baffled by all the options for savings so thought I'd ask advice on here.... I want to save £240 a month for the foreseeable future, what's best way to do that so I get best interest? There may be the occasional month I'm not able to put that amount away, but don't need to be able to access it immediately.
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Rules on transfer time
I am having problems in transferring both ISA's and OEIC's from one investment company/provider to another Whilst the ISA's have transferred in "reasonable" time - the OEIC's have taken a month (and counting...) Is there any rule stating the max time allowed and what my compensation should be ? I am blaming the "old"…
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Help or advice needed for a non bank savvy person please!
I don't really understand the technical terminology of banking and savings so I'm stuck as to what to do with my money. I currently bank with Santander and have a standard account (I think it's called a current account?) and a savings account (eSaver) I got the savings account last year and so this year the interest rate…
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Is the Hargreaves Lansdown S&S ISA good?
Has it given good returns? It seems good with no charges or are there any hidden charges! Are there better S&S options?
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2.1% Easy Access - Can it be beaten?
I potentially have £50k to put into savings. I will only need to access the money on a single occasion to make a full withdrawl (closure) and would be willing to give 90 days notice of withdrawl/closing. The best I have found is 2.1% Postal Premier account with Tipton and Coseley Building Society. I qualify because I now…
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Emerging Markets - Opinions Pls
Hi, Doing some research for a portfolio re-balance in the near future and have my eye on one of the following and would welcome anyone's opinion, if you have experience with any of them: Fund - Blackrock EM Equity Tracker - AMC 0.62% - benchmarked to FTSE All-World EM index ETF's - HSBC, iShares & SPDR - 0.60%, 0.75% &…
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Transfer 150k EUR to GBP ?
Hello all, I'm a HSBC Premier client from another european country and I recently moved to London (as I got a job offer in the city..) I have more or less 150K Euros and the purpose is to have one and only account in UK, so asap I will close all the accounts in the other country. I already have my new HSBC Premier account…
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best savings account for 10 year old
hi at the moment i have a savings account for my son with santander kidzone, he is 10. He has just over 600 pounds in this account and at present i pay in £5 per month, just got his statement today and he earned £2.43 interest for the year. looking at info i think interest is 0.50 %. the original account was with bradford…
