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Are Regular Savers worth it?
Forumites! I am in a good position whereby I am able to max out each month three different regular saver accounts, a 2.75% with £250 max, 2.5% with £400 max and a 2% with £250 max respectively. I also have an easy access savings account at 1.36% variable. My question is: I've worked out that I can earn more interest if I…
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22 year old with savings needs advice
So i'm 22 and here is my profile: Salary - £21,000 per annum 1 year fixed bond savings account - £34,000 at 1.96% Current Account - £3,700 No car, minimal rent at home, save £700 - £1,000 a month. Would appreciate advice on what best to do with my savings from working. Seen many posts online with conflicting advice on…
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Where to put my money
Hi guys I've got 10k sitting in Santander 123 with the news of cut interest rates I'm looking for options I just opened a HSBC advance account for the 175 cashback and the regular savings account But what's my best option for the 10k which I don't mind being locked away or tied in etc Any advice would be great thank you
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Moving sons money
I suppose this may be more of a moral question but anyway: I have a S&S ISA in my name with 2 funds in it, one is mine one is for my son (I contribute monthly to both funds) Since he was born I have paid any birthday/Christmas money he gets into his Halifax Kids Saver account There is £650 in there and this month he got…
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HSBC Advance
Hi, i gather that to qualify for the free £175 for this account £1750 needs to be funded each month. Has this got to be left in the account or can it then be withdrawn to fund another account?
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fscs protection on savings
Is the £85k limit just for one financial institution, and so can I have several spread accross institutions each having £85k protection? As long as they are not linked.
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First-time investment strategy 💹
Hi 😀, I 33 and am planning to invest in the stock market for the first time (mortgage will be paid off), and have no other debt except four figures in a plan 1 student loan. I have a pension plan through my employer with them making a very good contribution. I have a lump sum of £30k (currently held in a cash ISA) and want…
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Obtaining probate for an estate in trust
I wasn't really sure where to post this question so apologies if this isn't the right place. My father has recently passed away after a sudden and unexpected illness. Whilst going through his finances we have found he has placed the majority of his estate in trust with myself and my sister as beneficiaries. We are in…
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Regular savings - ISA or not ?
Have set up a regular savings (500pm) and is going into an ISA , currently @1.35% I am 40% tax payer, wife is 20% Am I best off still using an ISA or should i just pick a normal savings account to try get a better rate than that ? I wasnt sure how much interest you can get before being taxed ?
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5k - don't know what to do with it.
All advice gratefully received I have 3k saved up in my regular saver account at Barclays i don't get anything from them maybe 44p every 5 months if I'm lucky ! and i have 2k saved up in my money box at home just dropped in change and notes in over the last 2 years , now i have around 5k in total i think its time to…
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Isa
Hello. My son already has a help to buy isa. Can he also have a Lifetime isa (LISA) and pay into them both every year?
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Share dividends - cash? Or more shares?
Dear all I currently have just over 6100 HSBC shares. The dividend is returning around 6% at the moment and I can't decide whether it's better to take the dividends as shares, or cash. We've got good amounts saved/invested aside from these shares, but I appreciate it's quite a lot to hold in 1 share. If I change back to…
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£500 free for child fund by gordon brown
Hi all, I can remember when gordon brown was pm,2007-2010 he was offering a £500 award for any child born around that time to invest either in a investment/saving child account,if the child has nt claimed it can they claim now?
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Accumulation to income switch?
I want to switch from accumulation units to income units without triggering a capital gain event. This should be possible by doing a conversion on the platform. I use the Vanguard platform but incredibly Vanguard say they do not offer a service to convert their own funds from one class to another! I have checked with A J…
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Do i need to declare the interest from £4k (Marcus/Goldman S acc.) savings when i am unemployed?
I've just come across that Marcus savings account Which offers 1.35%Interest after Enquiring, They say They don't declare my Interest/capital gains From the investment And that is my responsibility to. And I will receive an annual statement Showing the interest I have gained - I am unemployed due to disability and receive…
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HL Active Savings
HL says about Active Savings "We don’t charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different interest rates to those available on Active Savings." That would make you think you would get a better rate…
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Fixed term savings
We are looking to open a fixed term account with either Masthaven or Smartsave but mixed reviews. Experience of Forum members will be appreciated. Would like to lock in funds for a year as rates are dropping fast.
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OK for savings bank to ask my net worth?
The bank I've held a couple of bonds with for some years emailed me yesterday saying they required extra information about me by March 2nd. I phoned to check this wasn't a scam. Satisfied their request was genuine, I proceeded to answer their questions - until they asked me to tell them my net worth. When I declined to do…
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What to switch to
I have a "Premium Saver " A/c with Nat West which allows instant access albeit with loss of bonus in that month It pays 0.85% if left or 0.2% if a withdrawal is made. I need an A/c which permits a saving of over £50 K Access would be nice but not essential , possibly fixed rate for say 12 mths and doesn't require my…
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Ford Money Flexible Saver - Withdrawn
As per the title really. Has been withdrawn today.
