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Deflation - Inflation - Hyper Inflation & Interest Rates Questions?
Hello, Central Banks monetary policy is to meet inflation rate of lets say 2-3% set by Government fiscal policy right? Why governments want prices of all the goods and services we pay for to be increased 2-3% yearly in a compounding way? Why cant inflation be at 0% where prices of goods/services are stable constant…
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What to do with TSB Classic Plus Accounts now rates are to drop to 0%
I have 2 TSB Classic Plus Accounts that have the intrest rate due to drop to 0% in a few days, question is, what do I do with the money? TSB Classic Plus Accounts don't require direct debits, so that is really good, I did think about switching to another bank ones the Bribes come back, but I think they all need DD's? OK I…
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First Direct Regular Saver query
Does anyone know if the banks are required to give you notice of 14 days when they reduce the rates available on regular saver account? I know that I have always received notice before they change normal savings accounts but First Direct did not give me any notice that they were changing the rate on their regular saver.…
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PHE
Dear allJust wondered what members' opinions were on PHE. This has just been mentioned elsewhere as part of a more general topic, but having looked at its recent performance it seems to have shot up. I believe this is a penny share type stock, and I know the volatility of these. Is it worth considering? Thanks
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Shawbrook Bank - Weekend deposits?
Does anyone know what happens when you deposit funds over the weekend into Shawbrook's savings account?Does it show on your statement on MOnday (usually the next working day), or on Sat / Sun and start earning interest?
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understanding saving accounts interest rates
I still cannot understand what are the different criteria used when listing fix termed saving accounts. For ex. for Tandem 1 year fix - MSE gives rate (AER) 0.85% - open online (This matches what's on Tandem website). - Moneysavingexpert gives rate (AER) 1.05% , and says it cannot be opened online. Are they referring to…
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Dividend ETA
Hi all, Newbie here. As we all know, banks are paying next to nothing in interest on our savings so I am looking to put some money in a dividend paying ETF. After doing a bit of research, one particular one that stood out was the iShares UK Dividend UCITS (LSE:IUKD). My questions are: Which Broker should I choose? Has…
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Flexible ISA and offset mortgage
Me and my husband are in the process of selling and buying a new house. We are looking to take out an offset mortgage for £250,000. We have cash ISAs to the value of £160k (this is our safety net money) and I am investigating using flexible ISAs to effectively offset this money for the majority of the year whilst…
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Tandem Savings upping interest rates
Tandem Bank have upped the interest rate on their easy access saver to 0.75%. Just reactivated the app after closing it due to the Credit Card schmozle earlier in the year.
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Scammed....
An elderly friend of mine was scammed and sent a couple of thousand pounds to the scammer in India. He had never sent any money abroad before. Don't banks do checks for unusual activity.... First Direct said they will investigate and may 'do something'.. Of course we understand he essentially gave the money away but should…
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Cashing in Premium Bonds
Hi - I'm thinking of cashing in my Premium Bonds - the website says the cash it available within 8 days. I'm wondering if anyone on here has cashed some in recently and would tell me how long it took for them to have access to their cash? I'll be cashing them in online. Many thanks, in anticipation.
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Coop Share Bonds or alternatives
Firstly, I understand that these carry an element of risk, but given the low interest rates currently available, they seem like they might be worth a punt. I was just wondering if people had any strong views on them, or could suggest better or similar alternatives?
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Is saving 3.9% a year worth it?
Any Ideas?
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Where and how to invest £200k - platform and fund choice, given a certain risk appetite
I sold quite a bit of my ISA stocks and shares and currently have them sitting in cash in a fidelity platform. I am about 7 years from retirement so have a relatively low risk profile but would like to take in some growth. Having read up on passive funds - HSBC, Blackrock etc, Vanguard still comes out on top. I am sort of…
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child care vouchers/ kiddi vouchers
Hi Not sure where this thread belong so put it in
here for now. Through work i did a salary sacrifice to put into
a child care voucher scheme. With my youngest now in p7 i no longer need this
and have request the payment to be stopped but told the money i have built up
can't be refunded to me. I have stated that the plan…
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Money sitting in current account with nowhere to put it
I have a substantial amount of inherited money in my current account but nowhere to put it that offer a decent rate, or one that is worth the effort of setting yet another account up (passwords/security etc) I already have a Santanda 123 lite account (previously a savings but I changed it when the rates dropped) which I…
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Can You Overpay HMRC To Get Interest?
With interest rates tumbling, would it be possible to make a tax overpaypment to HMRC on which they would pay interest? I understand that they pay 0.5% - is this correct? Or perhaps it wouldn't work as the extra cash would just be repayed immediately.
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Zopa winding up the Safeguard fund
I missed this totally, https://secure2.zopa.com/lender/communication/safeguard_wind_down they've just sent out emails saying how much of the fund each investor will receive. and Fortunately I have withdrawn most of the funds to cash as the loans were repaid once the Safeguarded reinvestments were no more. However I still…
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Unknown Bank Account
Hi there everyone. When I was born in 2000, my aunt and uncle set up a bank account for me. They told my parents that they would put money into it for Christmas and birthdays. My parents don’t really know much about the account, only that my dad remembers signing something. They don’t know the bank where the account is…
