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Santander 123 accounts
Just seeing if there's a simple answer on here before I chase it with Santander but, I have a joint account and a single 123 account. Both have about £22000 in them yet for some reason one has about £50 a month interest and one £48! They're the same account and interest is supposed to be 3% up to £20000 so how can it be…
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TSB rate dropping
Just got an email from TSB, the classic plus account is dropping from 5% interest on £2k to 3% on £1.5k
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Funds domicile and Brexit.
Random thought I had while performing quarterly rebalancing on a passive portfolio. Some of the funds I have invested in are domiciled in Ireland, but due to EU passporting rights they are able to list on the London Stock Exchange. If, as is looking increasingly likely, we go for a 'hard' Brexit, is this likely to cause…
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Moving children's trust fund and junior ISA help
Hi. I opened a trust fund for my son when he was born. Back then I knew very little so just went with the first option. It was passed on to several different providers ( company passed it on not me) it is now with one family.all monies go out via direct debit and it's a palava if he gets a cheque. So I opened up a normal…
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Investing in gold
When you buy gold from these online companies, are you paying for the complete weight of that bar or coin, or the pure gold content? In case that is confusing, I have some gold quadruple sovereigns which each weigh 39.94 g. However, the pure gold content is something like 36.8 g. I'm just a little confused to whether or…
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RCI Bank - second rate drop
I guess savings accounts rate drops are not really news these days, but this one seems (to me) a little bit sneaky, because unless I've misunderstood the email, RCI have dropped their rate on the Freedom Savings Account twice in quick succession - perhaps in the hope that people will see the second notification and ignore…
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£23k employer shares
I have £23k in shares with my employer, (oil company), we recieve a 7% discount when purchasing the shares. I am counting this as contingency towards house build. Would you; 1. Leave the money as shares? 2. Withdraw and put in savings account? 3. Withdraw and place in bonds? 4. Other?
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What to do with £10K?
Hi, brand new to this so I apologise if this is in the wrong place. So basically as the title suggests iv recently got a lump sum of £10k which I am looking to invest/save for the long term. I'm looking at sticking it away for say 10 years and hopefully make as much money as possible from it. Iv currently got a stocks and…
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Cheapest global tracker through iWeb?
Hi, I'd like to invest in a global index tracker through iWeb and was wondering which the cheapest one is please? Sites like Monevator are super useful but the rates on iWeb always seem to differ. I've mostly used Vanguard LifeStrategy before (mixture of 80/100) but they have a huge UK bias which I'm very keen to avoid…
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How does an expat invest?
Hi there A little over a year ago I moved to the USA to take up a job. When I left I had 6k in my current account, and approximately 22k in my fixed rate ISA. Recently the interest rate on the ISA expired, and I thought I would try an earn more interest in the long run by putting it into stocks and shares. I applied to…
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£350k cash, best long term strategy?
What would you do with £350k at 25 (house owned with no mortgage) Inflation is set to go to 3%+ and savings rates will be around 1%. So savings accounts would result in a negative result. I'm thinking these 2 other options would be the safest: 1. Put it all in the Ftse 100. I'm worried its overvalued, and could crash. But…
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Premium bonds best time to buy?
I know you do not get entered in the month you buy, but have read if you buy in September for example you get entered in the draw result announced between November 1st (£1 million winneer) and November 3rd (smaller winners) but the draw is regarded as the October draw since it happens on the last day of the month? So am I…
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Sanity check on mortgage versus investing
Hi all, I want to write down my thoughts on our debt / investment strategy and just basically see if I have missed anything obvious! Here is our basic scenario: - mortgaged, brand new, 25 years, 1.94% for 2 years fixed with HSBC at 90% LTV - me, teacher, teacher pension scheme, happy with the projections for retirement and…
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Risk Averse Dilemma
I have always saved and never invested - would like to retire in 10 years at state pension age, and I currently have £250k cash in fixed rate bonds and Isa's. I would like to generate sufficent funds from this to pay myself £10k per annum throught my retirement (20 years) Would very much appreciate thoughts, advice &…
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Irish bank account in Euros, best way to access & convert to £
Apologies if this is in the wrong section but I couldn't find one more suitable. My late father-in-law (Irish citizen) left my two daughters 10,000 Euros which were deposited in an AIB savings account on their behalf. Now that sterling is weak against the euro it would seem to be a good time to exchange. What is the most…
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Splitting the risks
I posted another question recently in which I mentioned that I prefer to split my investments between more than one platform, for the same reason as you may split cash between unrelated banks (the per institution compensation limits). The FSCS compensation is only £50,000 so would not help much, but by not having all…
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Cypriot based Trading ''scams''
Are these scams? I've had three calls today asking if i'd like to hear about there deals. I asked both for companies name, they only give a Website. Forex Prime & I trader. They have given two different names & both are from Cyprus. With possibly the same woman calling. I had some fun with the first one ''asking her name,…
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If you were me...
Hi Guys, Some points of view sought here please. I'm trying to find something sensible to do with my money. I currently have a pot of cash spread over a range of accounts (FD, HSBC and just switching to NW for the reg savers as well as TSB). This pot is in the region of £15k. I also have money being paid into a share save…
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Can you rinse and repeat on the decent reg savers?
Hi all - bit of a lazy question from me, but as I'm sure many of you have done or tried to do this already, I thought I'd try and get a quick answer before I dive into individual T&Cs. So, question - with the main decent RS's that are tied to bank accounts (Nationwide, Lloyds, M&S, HSBC, First Direct), once they mature,…
