-
Fixed Deposit And Mis selling
HI Can I ask if some overseas is told he has got fixed deposit account and will get all information in the post but had to leave before the information came through and then finds out it not a fixed deposit but actually a life insurance policy as the policy is over 60 days now the job is to get cancelled and get back money…
-
Junior bond
Hello Can anyone explain if it's worth me opening junior bonds for my two children or putting the money into their CTF (age 8) or JISA (age 6) instead ? Thanks
-
Strategic bond funds holding equities
Sanlam Strategic Bond Fund holds equities. HL's fund summary shows 13.23% in equities while the last interim financial statements (accessible through HL's key features and documents > Report & Accounts) show 10.26% of its assets being equities in banks and insurers. Is it common for bond funds to hold equities and why do…
-
Declaring tax on peer to peer lending
Hi all, Just a quick question on submitting tax returns on p2p lending. I've recently invested on a p2p lending platform. I intend to keep the funds on the platform for the next 3 years without withdrawing my funds or the interests in the interim. With regards to submitting tax return, do I need to submit a tax return…
-
Introduction of ISAs to Funding Circle
Funding Circle intends to roll out ISA investing soon. What is the impact of this likely to be for investors? Is it likely that the additional funds this attracts will mean it takes longer for new investments to be allocated as loans? How will it affect the reinvestment of monthly income and repayments? Will the increase…
-
switching from HSBC but want to retain ISA
Hi Guys, Been a while since I have been on these forums but hoping for a little advice. I am switching current account from HSBC but still wish to retain the ISA I have with them and the online banking function. I assume that switching the current account will not cause them to remove my ISA? any advice appreciated thanks…
-
Where to save
Hi. I have saved hard over the years and have filled up a 123 account, a Tsb classic plus account, two Tesco current accounts, a bank of Scotland account and a nationwide flex direct account. I recycle money each month between them to meet the criteria. My flex direct account has 5% for 12 months but is coming to an end…
-
How should I take my first step into investing?
I am looking to start investing some money but need some advice. I am completely new to investing but would be able to open something with a small lump sum of around £1000 and then small regular investments (£25-£50) per month. What would be the most suitable route to take? I have been looking at the AJ Bell stocks and…
-
What to do with my savings?
Hi, I am new to the site and after some advice in relation to my savings & future. I am 37 years old and have just over £100K in savings. I have just over £66K in an ISA paying 0.05% and around £36K in a standard saver account also paying 0.05% (gross). I have no debts, credit cards etc, I do have a mortgage on my house…
-
savings rates
]Hi I know the best saving rates are for current accounts but most want a minimum amount paid & 2 dd out each month which are not options for me so where is the best place to save then or how do I get round these condtions so I can get the best rate thanks for any help
-
Savings accounts accepting DD's
Current list accepting new customers: Post Office Online Saver (can only DD in from one nominated account, sketchy customer service feedback) Chip and Plum (app based) (Chip phasing out DD functionality) Birmingham Midshires Internet Saver Account (2 possible DD's - one of each of the yearly and monthly interest account)…
-
Yorkshire Bank 1 Year Bond Useless "Service!"
Q: When is an online account not an online account? A: Apply for the above and you will find out. Yesterday I applied online for the one year bond as recommended by Money saving Expert under the heading of Well known Provider as opposed to those who are less well known but offer slightly higher interest. The online…
-
Switching & opening accounts when unemployed
Hi. Recently I lost my job and now want a good rate for my savings - long overdue as sitting in a 0.5% everyday savers account. To get this I have to switch, so am I able to open a current or savings account with a new bank while unemployed?
-
Investing for kids
Hi I am considering investment options for the kids. They are 6 & 3. I was looking at a pension for them but given that in 60 years time they wont be able to access any of it if they need to for house or education or for their gambling habit!!!! (joke) Any suggestions? We already save all their child benefit into a savings…
-
bitcoin trading.
Thinking of investing some cash in to trade in bitcoins. Been looking at cryptoallday and was wondering if anyone had used them before. Any advice would be great... TIA...
-
Will expected change in interest rates affect ISAs
it is time for me and my partner to move our ISAs as the introductory rate is ending. Should we move now and get just over 1.5% fixed for I year or is it worth waiting till the expected interest rate rise to see if we can get a slightly better rate?
-
Short term savings
Hi all I will be coming in to £30k in the next couple of months and i will be using that cash to put down on a deposit on a house. I may have this cash sitting in my bank account for up to 6 months (while I house hunt!) so i want to ask for advice from any savvy person out there what I could/should do with it rather than…
-
Protected by other jurisdictions' schemes and Islamic accounts
This is a mishmash enquiry arising from my wanting to put aside money that has been building up. I ask out of curiosity more than anything else. 1). RCI bank has protection up to Euro. 100000. In the event of failure, if I had made a deposit of say £50000 would a change in exchange rates have potential to raise/ diminish…
-
Nationwide FlexDirect - Question about the changes from 13 January 2018
I've read the changes to Nationwide FlexDirect T&Cs effective from 13 January 2018 on their website: https://www.nationwide.co.uk/~/media/MainSite/documents/products/current-accounts/shared/P857_ImportantInformation_TandC.pdf On page 18 under FlexDirect conditions they say: "1.4 You will only be entitled to one…
-
Maximum to hold in a single fund/IT
Hi Simple questions, I hope. What's the maximum I should hold/invest in a single fund/IT? This is terms of money not percentage of a portfolio. This is in line with money safety. Also, if I am investing in say two funds/ITs with the same company (I will use Vanguard as an example but it could be any) will it (sort of)…
