-
Saving stategy/psychology
I was wondering whether people have specific savings pots for a new car, holiday etc ? I've never done that personally - i've always just saved money in one savings account and then drawn money out when I've needed it for things like that. But I was wondering if it would be a good idea to have different pots. For example,…
-
Kent Reliance Problems
Opened a new savings account with this business at the weekend and have had nothing but problems with it so closed today. Initial setup process was problematical with continued outages of their system. When finally opened and I tried to transfer money in post the CAP period Kent Reliance kept returning no account held to…
-
NS&I - Guaranteed Growth Bonds - Minimum, not a Maximum Rate?
I've just received my Guaranteed Growth Bonds maturity letter from NS&I and reviewing the renewal option, they state the following: On its maturity date your Guaranteed Growth Bond will automatically start a new 1-year term at the new rate of 4.18% gross/AER, unless you choose one of the other options. Even if the rates on…
-
Fixed Isa or Fixed savings?
Hi I am still in need of advice, I now have about £17,000 to invest and was thinking of putting this in an isa, but whilst deciding on which Isa, it seems interest rates just don't look really great at the moment, I found out though I am a basic tax payer, who knew, certainly not me!!, but looking at the Gov.uk website I…
-
how much to leave in an account, just in case in the future they have deals for customers
I have £1000 in Skipton, as someone said they might be due to have an interesting account for customers in the near future. But I'd rather leave less! Would £100 serve as a placeholder? £50?
-
Clarification on how HMRC adjust tax code for interest on savings for previous year
From what I've read my understanding is that HMRC use the previous year's interest on savings to estimate a figure for the current year and adjust the tax code accordingly. My question is how this works in the first year of going above the £1000 limit. My situation (rough figures for illustration only) is that I will be…
-
Nationwide Flex current account maximum daily transfer allowance?
Does Nationwide Flex current account all have different maximum daily transfer allowance? As I have managed to transfer one amount from one of my Flex account to two different external banks before I hit my daily allowance.Today, I have tried with my second Flex current account with a lower amount and it says I have…
-
Trading 212 cash savings in S&S ISA
I have money in both Cash ISA and S&S ISA with Trading 212. I have noticed that I have a cash balance of around £50 from dividends in the S&S ISA which is getting 4.1% interest, better than the 3.85% which the Cash ISA is paying. I have already transferred money from Cash to S&S and invested, but can I transfer to S&S from…
-
Santander Edge Saver Renewal
My Edge Saver is approaching its 12 month 'maturity' so I asked Santander if I could close it and open a new Edge Saver to retain the initial 12 month bonus rate. They confirmed that this is possible. This seems a little odd, as I had assumed the bonus would only apply to new customers.
-
Tax-efficient savings: Premium bonds vs gilts
I am conscious this is a bit of an apples-and-oranges question and probably involves some incommensurable value calls, but would still be interested in views - and to see if there's anything I'm missing here. So I'm a higher rate taxpayer, and will certainly blow through the £500 PSA for savings this year. I've maxed out…
-
Maximum deposit to put in a bank account which will not exceed the £85K
What would be the maximum deposit to put in a bank account which will not exceed the £85K FSCS protection. I was wondering of using Principality BS as an example, their Online Bonus Triple Access (Issue 7) 4.55% (variable) interest pays on 1 January with 3 free access / year. Transfer £85K in there and on 2/1/26 move out…
-
Derivatives and other complexities in Man GLG Dynamic Income
It took me a few years to get a basic understanding of bonds
– stuff about duration only really sunk in after interest rates rose in 2022 (though
by luck not judgement I mostly held short duration). The only actively managed
bond fund I hold is Man GLG Sterling Corporate Bond which has performed well since
its launch in…
-
Dividend Income
A quick, and probably, straight forwards query. For the first time we are going to invest in to a GIA and I'm trying to get my head around whether the income will be interest or dividends. A Money Market fund will be interest, I get that, but what about Bond Funds? Is the income form those classed as interest or dividends?…
-
Premium Bond - Trying to place a premium bond with the rightful owner
My mum passed away a few years ago and we discovered 5 really old paper premium bonds. We sent them to NS&I and are currently in the process of getting 4 them transferred & registered into my name with my brother's consent. The remaining premium bond NS&I say is registered to another customer so they are not willing to…
-
Transfer from Tembo (non Flexible ISA) to another provider
Hello, I've put in money for this ISA year to Tembo. If i was to transfer my entire isa balance (which includes previous ISA years) from Tembo, would i still be able to contribute the rest of the balance to aim to hit the 20k limit? First time I've used a non flexible isa, but i guess its what you do when you want to stop…
-
Metro Bank needing in person ID verification
I opened a Metro Bank savings account last year, to make use of their interest rate. I withdrew some money a few weeks ago as I was making a large purchase, and had to phone them to get to authorise it, which they did. However, I just tried withdrawing some more money this morning, and all attempts in the app and on the…
-
Hargreaves Lansdown Acceptable Use Policy
Please may I ask for opinions regarding Hargreaves Lansdown new Acceptable Use Policy (bottom right of https://www.hl.co.uk/terms-and-conditions). I think clause 3.1 (especially 3.1.1 & 3.1.3) appear to define 'Acceptable Use' as "anything HL considers acceptable", which I find to be extremely unhelpful. Surely they can do…
-
Give Your Head a Wobble
I recently tried to set my mum up with a T212 ISA, but she struggled with the ID verification system – specifically the bit where you have to turn your head from side to side in time with a phone camera. We tried and tried, but she just couldn't match the timing. All the previous application steps were thus wasted. Two…
-
iweb automatic dividend reinvestment or payout
Can anyone give me some advice on the best option for dividends payouts on iweb - it is not a massive amount of around £600 a year but worried it is getting eaten in fees. Not 100% sure of the costs , it says that I am charged 2% upto a maximum of £5 ... The payouts range from £1 to £100 amounting to around £600 over the…
-
Should an emergency fund be kept in cash or a Short Term Money Market Fund
Hi I currently have an Emergency Fund of 6 months of expenses. Half is in an instant access savings account and half in a cash ISA. Should it be kept in cash or should I consider moving it or half of it into a Short Term Money Market Fund, in order to generate a higher return?
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
