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Interest Calculation
If I have £1000 in a fixed rate bond with AER 3% net paid quarterly over 2 years, what will my balance be at the end of the 2 years? Is the calcuation simply (£1000 x 1.03) x 1.03 = £1060.90 or does the paid quartley alter the calculation?
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Cumulative v discrete performance
Apologies for this very "beginner" question but I've not been able to find an answer elsewhere online. When reviewing funds etc, I find that research websites often show a line graph showing cumulative performance and a bar chart showing discrete performance. Could you please explain the difference between discrete and…
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Tesco Savings reducing rate
Had a letter from them recently saying they are reducing their rate from 0.75% to 0.60% effective from some date in January as they are not able to sustain the high rate due to the current market. Obviously trying to claw back as much money as possible after their recent profit forecasting troubles. I do wonder however how…
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Santander Cash ISA 0.5%
I'm looking for a better alternative to the Santander cash ISA which is only paying 0.5% at the moment. Are there any other options to upgrade or transfer within santander or is it better to move the money elsewhere and what are the caveats of doing that?
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Junior ISA transfer
My daughter will be 18 in a couple of weeks and her Smart Junior ISA (Nationwide) will mature. Any suggestions where she should re-invest? she is a full-time student with no earnings the savings to date are around £6000.
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US or European equities - a good time to buy?
I'm semi-retired at 61. I have a core of occupational pensions that will be enough for the bread and butter, mostly due at 65, but I will be dependent on my savings in ISAs and my SIPP for the jam. The SIPP will be used for drawdown so most of the money will be invested for a reasonable period. Like most people I have had…
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Change Euros to pounds.
what to do with 25,000 Euros ? Hi Not sure if this is the correct forum to post on but here goes. I recently sold a small property in Spain June 2014. I had some of the money transferred to moneycorp. The money is worth about £19,500 with the transfere rate as it is. What is the best thing to do with it now ? it is just…
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Investing Euros into Funds, based in UK
Hello Following a property sale, I have a large sum of Euros abroad, which I do not want to convert into GBP just yet, as I believe the Euro will strengthen in a few year time. But I would like to transfer the money to a Euro account in the UK for tax reasons, and then invest in Euro denominated funds (eg Vanguard IE…
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what to do with 25,000 Euros ?
Hi Not sure if this is the correct forum to post on but here goes. I recently sold a small property in Spain June 2014. I had the money transferred to moneycorp. The money is worth about £19,500 if I transfer it to my uk bank account, via moneycorp. It's just sitting I the MC account doing nothing. I don't need it at the…
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clydesdale Bank 150£ Switch offer
Current account switch offer Simply use our Current Account Switch Service to transfer your main bank account and to close your old account. When you have paid in at least £1000* in a single payment within 31 days of your switch completing, we’ll give you £150** Eligibility * Use the current account switch service to move…
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Claiming deceased savings by next of kin from LA
A person who recently passed away, the local authority were holding their savings of excess of 5K. Person filled in a indemnity form and sent to local authority to claim back any money left over. The person has no estate or "will". The person was in a care home and the LA sorted out all payments as next of kin was till ill…
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VLS80% plus what (if anything)?
I've got a SIPP with £37K in Vanguard LS 80% and £7K cash. Is it worth me actually investing the £7K in another fund or just top-up the VLS? Vanguard know what they are doing better than me. The only area that the VLS might be a bit thin on is Smaller Cos, but I'm no expert. Is there a fund generally considered to be a…
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FTSE Progress in 14/15
Hi all, I am wondering what your predictions are for the FTSE over the coming year. I'm looking for the FTSE to finish 2014 in the 6850-6950 and reach 7100-7300 next year. What are your thoughts?
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Bank of India UK Branch
Just been told by BOI UK branch that i can get 2.25% if i put the money fix for 15months. ***On GBP deposits for 15 months period, a special rate is revised to 2.25% pa and will be offered to customers till further amendment.*** Is this a good rate? And how safe is this bank?
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Money for baby from Grandma
My 71 year old mum very kindly wants to give my 1 year old baby £20,000. Obviously conscious of the 7 year rule and tax etc, where's the best place to put it? We don't want to let the baby have access to it til the age of at least 18. Is the best place in a trust fund? In a savings account? Thanks very much.
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Is this legal?
I've been trying to find a new home for the money in my rubbish paying ISA. Then I realised my son has a savings account that pay's 3% gross (he gets interest tax free as he's under 18) I am the person named on the account to operate it for him as he's too young. Can I put my own money in there therfore getting tax free…
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Where's Best to See £3500pa From £70k
Hi, My wife and I have a £70k investment with Scottish Widows that we hoped would generate about £300 per month or £3500 per year. It did that in the first year or so, but even though we have never withdrawn the capital or the interest, this is now under-performing for us. We are both non-tax payers and we are happy to…
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looking to save
hi,looking to put away a lump of cash and can leave it for a few years was looking at leeds building society as someone was telling me thats where they keep cash as ive just been a normal current account person for years im a bit lost with all this savings stuff,ive got 2 isas with santander but would like to tuck away…
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Skipton b/s site down? .......FIXED NOW!
Can't access Skipton.co.uk at the moment, is it just me?
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Using ISA for regular income
I'd like a second (or third+) opinion on how to use my ISA allowance to get a regular income. I've max-ed out the current accounts that pay decent interest as well as this year's allowance for my cash ISA. I also have 4k directly in a Fundsmith Acc ISA that is for the long term so don't mind having that tied-up and which I…
