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New to Saving
I am 24 and have recently managed to pay off all my debts (including a £1250 Student overdraft that was maxed out). My next aim is to save for a deposit to buy a house (aiming to buy in 2016), and just generally get as much cash behind me as possible just in case. After my monthly outgoings i have around £450 spare per…
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Current account and credit check
Hi guys, after reading through the forum, I've decided to make my money work hard thus opened few current account. Firstly I wanted to know is that I have opened a LLoyds online yesterday and want to open another one. But I'm guessing I would have to go down the bank but would they do credit check again for the second one?…
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Arcadia Savings plan or similar in 1998
Hi All, I worked for Burton Menswear back in 1998 and joined a Savings plan or similar. I left the following year after finding a job with more hours whilst at college. A few years ago I rang Arcadia to ask about the plan I joined as I had no details at all due to the length of time that had gone. They stated that they…
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Worth converting cash isa to stocks and shares isa?
Hi all, Is it even worth having a cash ISA any more? I'm basically at the 2% return rate on first direct for deposits over 40k. I've recently entered the world of s&s ISAs (can't believe I've never considered them before) and I'm now tempted to convert my cash ISA into my S&S ISA. If I distribute the amount across a number…
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With profits investment bonds and LA assessments
An elderly relative,late 80s, (still in full possession of her mental faculties,but physically frail) has a number of B/Soc. savings bonds maturing soon. Her daughter,who has an enduring POA, has been advised that she should consider putting these monies into whole life investment bonds in both their names, in order to…
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Santander 123 Interest rate
Does the 3% interest on balances between £3k and £20k have an expiry date when it drops? I opened mine in April 2013. I know some accounts the rate drops after a year so I'm wondering if this is the same or if the rate is just prone to Santander changing it whenever they like? Apologies if this has been asked before, I…
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Grandparents Saving for grandchild
Please, would someone let me know the best way to save a regular monthly amount for our new grandchild. Is it possible to set up an account in her name or does it have to be in mine? Thank you :)
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Novice investor asset allocation - lifestrategy or roll-your-own
I'm planning to get started with an S&S ISA and have two questions about asset allocation which I'm going to post in two threads because I think they're orthogonal. Background: I'm 41, married, 2 kids, mortgage of £220k on a £500k property, have a few months' expenditure in cash, pension in good order (final salary…
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Novice investor asset allocation - bonds or cash?
Hi, I'm planning to get started with an S&S ISA and have two questions about asset allocation which I'm going to post in two threads because I think they're orthogonal. Background: I'm 41, married, 2 kids, mortgage of £220k on a £500k property, have a few months' expenditure in cash, pension in good order (final salary…
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Not so nISA if you move abroad!
My intention was to save for a pension through a self-select ISA. I did so originally through Etrade and then when they no longer operated in the UK through TD Direct (formerly T D Waterhouse). Then I moved abroad. I contacted T D Direct and the tax office who assured me that I could still retain my ISA, though not invest…
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Investing for Rookies
Hi all, I am new to the whole investing scene and was wondering if anyone had any pointers for a complete rookie at it. I have a little spare cash every week and would like something worthwhile to put it in.I already have a ISA and will be opening a Santander current account for savings. If you have suggestions for reading…
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Childrens saving account with cash card for 8 year old
Looking for an easy access savings account for a child, prefer cash card access as we are someway from banks. Seen the halifax one which is ideal but they can't offer an appointment until February the 2nd at nearest branch. Does anyone else know of any others available? Don't mind opening by post
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Protect against UKGOV savings confiscation
Every awful thing I could imagine this government (and last) doing, it has. The worst thing being propping up the housing market via Help To Buy, using taxpayers' money to prop up a market some taxpayers can't afford to take part in themselves. Now this:…
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Cheap drip fed tracker
I am looking to open my first S&S ISA but don't have much money, maybe £3k to start and looking to add about another £200 a month. Reading Monevator they suggest having a single cheap index tracker until a sufficient pot has built up to make it worth holding a number of diverse trackers. I had been looking at something…
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Overall performance for 2013
We all have different strategies and risk tolerances. I am interested in how these have impacted on returns last year. I’m not sure the best method to measure risk but I use TrustNets FE Risk scores. I guess we have everyone on here from the bond investor with a miniscule risk score to the chap investing in Bitcoins who is…
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Saving with prepaid cards?
Hi all, I need some advice....please :) Last year I saved all year through park savings for love to shop vouchers for christmas. I ended up with about £350 which was great but the downside is I am an avid avoider of shops and you can't use these vouchers online :( thought it would be ok but it was a royal pain! I want to…
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Saving the year's week in pounds
Not sure if this has been highlighted already, but saw this really neat idea doing the rounds on social media. Effectively, whatever the week number is of the year, you save that much in pounds. So 1 pound this week (week 1), £20 for week 20, going to £52 for week 52. The original suggestion is that you use a large jar,…
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Everything you could possibly imagine saving for 'diary'!
Hi! So I'm a Newbie here, but I've been reading many threads on MSE for quite sometime, I've just never joined in! I have recently been reading MoneyWaster2007's thread on saving and it inspired me to start my own diary of mine and my fianc!'s savings and goals and to give us another boost to stay on track! To give you a…
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X-O trading
Hi All I am about to open an account with X-O, but I can't find an answer to a question I have. If I buy shares today, and there are sufficient funds in the account to cover the cost, can I then re-sell tomorrow, even though the settlement date is still two or more days away? Thanks to antone who can advise.
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Lloyds life policy-lost/lapsed
Hi, back in 1984 when I had just started University I was visited by a sales person from a company called Lloyds life (part of the Lloyds group) who sold me a small endowment policy. They sold it on the premise that I paid £10 per mnth and at the end of my 4 year course I would have a little lump sum to start me off in…
