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Question regarding 1.4% ISA or 1.5% Sant. 123 Acc
I'm in the process of transferring my ISA from my existing provider to Leeds BS. I applied to get Leeds BS 2 yr fixed rate ISA at 1.4% (issue 81) just before the rate dropped to 1.25%. Initially I was not going to add this year's ISA allowance, but since the notice of Santander's 123 rate top to 1.5% I thought I might…
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Santander 123 interest rate going from 3% to 1.5%. Where to put my money now?
Hey guys! Recieved a letter from Satander this morning stating that the interest rate on my 123 account will be cut to 1.5% from November. It seems it is no longer worth the £5 monthly fee for me as I use the account for savings only and it is constantly maxed at £20k. Simple question, where is the best place to put this…
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Santander 123 - no interest this month
Just got my 123 statement, and for the first time since opening its showing no interest this month. It's been funded with £500 as shown on the statement. It has two DD's although these haven't been used to move any funds in some time (6 months+) Is the lack of interest because the DD's are now being considered inactive, or…
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Buying silver in the EU
Hi there, I'm looking to invest some of my money in physical silver. I understand there is no CGT on silver 1oz Britain's, so I'd like to invest in some. I will be travelling to Estonia in the next few months, and understand Estonia does not charge any VAT on silver. As Estonia is in the EU will I have any further VAT or…
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Bank account interest, self-assessment and HMRC
Your thoughts please. I’m about to complete a self-assessment which I’m OK with, however when it came to calculating the amount of interest I’ve earnt from my bank savings it got me thinking that the figures I should submit are not straight forward (by the way this is tax year 2015/2016 so prior to the recently introduced…
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HTB ISA bonus cannot be used for initial deposit
Interesting article in the Telegraph, the government Help To Buy bonus will not be paid until after completion so cannot be used as part of the deposit at exchange It's still a useful aid but could force a change of plan or delay for the unwary…
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500 to spend on shares...
Morning team! Every now and then, i like to take a punt on shares and now is the time to have another stab! I admit to knowing nothing about what's hot and what's not and have had the advice in the past saying because of this my money would be safer elsewhere, etc- and i was pilloried slightly for my decision to buy a gold…
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Child Savings - suitable account
Hi I'm looking for some advice. I'm looking to open an account to save money for my son. I want to pay into it on a monthly basis. I want the account to be locked I.e not able to withdraw money unless I give so much notice. Can anyone please point me in the right direction of an account I can open for him? Thanks
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Do finance experts know more than the average person?
More evidence that 'experts' in finance are actually anything but. The only thing they're expert at is excuses and blaming others. So to a fine example that has been unraveling nicely, and that is the funding for the Paralympics in Brazil. For some reason the excuse was 'things have changed since 2009'. Really! Is that any…
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Trade and Settlement dates?
After reading some definitions on-line, I'm still a little unsure of the significance of the two contractual dates as applied to buying funds, especially in regard to losses or gains in the intervening days?
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Best S&S Isa account for investing in US stocks
Hi, I have s&s isa account already but I never bought any share in US markets because of large trading costs. Please suggest isa with less currency and dealing costs. Regards
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P2P newbie
Hi, Just dipped my toe into P2P with a small investment with Ratesetter. Deposited the money, £2000, into the 1-year scheme, using my bank card. I’m assuming I do not have to do anything further, they will automatically match me with loans? Please advise if this is not the case. Also, how long does this matching usually…
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62k to save for 1 year - help!!!
Hi. Very new to all this, but need help to understand best thing to do..... My husband and I have recently separated. He has bought me out of 1 of our 2 houses. Our second house which we let out needs to be left alone until Dec 2017, when we will sell. I am currently in rented accommodation, and happy to stay put out until…
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First Direct - not so wonderful
Just for fun.... I applied for First Direct current account advertised as so very fantastic with all this great customer service. 1: internet application, containing details of employer 2: received text message to call back. Apparently employer reception was contacted and stated I don't work there anymore 3: I followed up…
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New Dividend Tax Allowance
Hi. Maybe I'm missing a point here, but, with the introduction of the new dividend tax allowance of £5k per tax year surely the benefit of an Stocks & Shares ISA is considerably reduced?
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Savings account
Hi, So, I need to know the best savings account, I am just about to complete on a mortgage(hopefully) and I am only allowed to overpay around £9k in two years. Now, the mortgage is 4.82% and I know it won't be much benefit for the money to go into the account being at this rate. However, I wish to put £2500 into a savings…
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Small cap: growth, value or index?
I've read that small cap & micro may be the place where there's a good chance of beating the index? If so is growth or value better for small cap? I've read one persons suggestion that value is better here but that's just hearsay to me And can you have growth/ value index funds? I wouldn't have thought so if its a…
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Want to get most of it from my monies.
Hi all. If any intelligent and experienced person would help. I have monies in my account (netwest bank) which is not giving anything to me at present. How can I get a maximum interest or benefits from it? Do you have any plan or particular bank accounts to get most of it? I would like to change my bank account.…
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Understanding my HL investment overview - gains and losses
I opened a SIPP in March this year. In the Gain/Loss column it says £4,594 and the percentage is 14.15% (gain). Does this mean that, since March, my investments have returned 14.15% in total? I'm confused with the equivalent information in my husband's SIPP, which has been running for a couple of years. His gain is £7,284…
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70k - Where to invest / Best S&S ISA?
Hi all, We have 70k surplus cash from a recent house sale and would appreciate some advice on where to put this. Have looked at all the savings accounts, and while this appear to be the best option, the recent Santander 123 rate cut leads me to like many others, fear this will lead to other banks cutting rates. Obviously…
