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Zopa Regular Savings question
I've just opened a Biscuit account in order to get access to the 7.1% regular saver. On the Zopa app home page I've tapped on "hit your savings goals sooner with up to 7.1%" and then "open an account now". It then prompts me to "start application" but it's talking about Smart Saver. I don't understand how you apply for the…
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Alternatives to Safety Deposit Boxes
Hi My bank is closing its Safety Deposit Box facility in my local branch. As most banks now no longer offer this facility what options do I have? Where can I still have an option to have a safety deposit box? Thanks
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Best guaranteed income bond
Hi all I currently have my NHS retirement lump sum with NSand I in a guaranteed income bond which pays me a monthly amount to support my living expenses. This bond ends next month and is now offering just over 4% for the next year. Is there a better rate which guarantee s monthly income? Many thanks Gary
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Buying gold/silver instead of an ISA
Hello I'm wondering if buying gold/silver coins is better than investing in something like an ISA, such as buying sovereigns from the Royal Mint. Does anyone know if this is a better option for long term saving??
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Transferring away from Quilter
My wife was recently dropped as a client by her Financial Planners for missing the annual meeting 😂 We now need somewhere to move her small private pension - £60k. She will be mostly invested in ETFs and trusts only. Can anyone advise on the process of transferring to SIPP elsewhere and which companies are best in terms of…
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My Community Bank savings question
My Community Bank savings account has recently matured and its automatically transferred to a Castle Community Bank account. I am trying to withdraw the money from this new account as the interest rate is much lower, but for the life of me I can’t find a way to withdraw my money! There are no options. I’m being thick but…
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Cynergy Maturity Issue FYI
A one year bond matured this morning with instructions to pay the proceeds into my EA account. The amount deposited was the original capital MINUS the interest amount! Having a hard job getting them to understand, they keep telling me the interest is not paid until 7pm. I don't recall maturity proceeds being split…
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FSCS Protection - investment via savings marketplace
In top fixed terms savings at MSE there is an option to invest with Aldermore for 6m via Savings Marketplace account Prosper. "Prosper is a 'savings marketplace', which means that it does special deals with banks to offer savings accounts – often at higher rates than are available direct with that bank. The Aldermore 4.63%…
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Index-Linked Gilts question
In the attached screen shot from Yieldgimp, what can "Gross Real Yield" mean, given that the future yield in unknown as it is a function of future RPI/CPI? Perhaps it is the yield without inflation? So,for T28 for example, which has a "Gross Real Yield" of 0.49%, the gilt will pay at least that yield if held to maturity?…
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Vanguard £90 a share?
Hi Vanguard is showing as £90 and some pence, it doesn't say if this is 1 share or all that one can buy?
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Investing in funds - INC or ACC
I have a lump sum to invest in funds for at least 10 years. And I have maxed out my ISA allowance but plan to move this to S&S ISA until they are all within the tax wrapper. As I am not touching this money till at least it is all within the tax wrapper. Would it make CGT reporting easier to invest in INC rather than…
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Savings account set up by my father
Good Afternoon, I received a savings cash book from my father who I no longer have contact with. The booklet has his name on it and clearly states “on behalf of” then my name. I went to nationwide to try and access this money but they wouldn’t allow it. They wouldn’t give me any advice on how I can access this account…
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More problems with Raisin UK & limits of the Financial Ombudsman Service.
The Financial Ombudsman Service covers banks, building societies and payment services but NOT deposit aggregators such as Raisin UK and others. I know this after complaining to the FOS about Raisin UK, waiting for 2 months and then getting the investigator's reply: we have no powers over a deposit aggregator. I emailed MSE…
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1p savings challenge
Started the 1p savings challenge today in two accounts but wondered if anyone knew how much one would save in a year by doubling up each day , ie. 1p,2p,4p,8p and so on.
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Need to track my Expenses - Where Should I Start?
I have realized that I’m spending more than I thought each month, and I really want to get a handle on my personal finances. I’m looking for simple platform to track my expenses, or plan budgetingand identify spending patterns, and build better habits.
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I have some money, what will Lloyds offer me?
Just sold a house, Lloyds bank offered to have their team meet me next week (online) with options for £200k. Their savings rates are pisspoor compared to other places, will they pull something out of the bag? In the meantime, I've opened an ISA with Tembo, and a '5% for a year' savings account with Chase
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Does anyone here use an IFA?
Appreciate this is mostly a forum of DIY investors but as I get older, and whilst I don't think it's necessary right now, I've not ruled out the idea of getting professional advice at some point. If you live reasonably frugally and have built up a decent pot - and if you have an ongoing relationship with an advisor v…
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Children’s Ethical Savings Lump Sum/Regular Saver
I have 2 children aged 14 & 11 and a Halifax monthly saver account for each, into which I save £100 per month. The total is transferred annually to the kids saver which is currently getting a pitiful 1.04%. They have around £13.5k & £10k each in them respectively. I need to find a new long term savings account for this…
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NS&I Guaranteed Growth Bonds
Just had maturity options letter for my NS&I GGB 1 year due to mature on 3 September. The default option (do nothing) is a rollover to another one year bond at 4.18% fixed. Old rate from last year is/was 5.15% Interested to know what others will be doing.
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'Standard practice' IFA Fees
I have too much money sat in banks so contacted a financial adviser to ask what I should do with it that would be more sensible. He produced a plan. When I asked about fees I was told the "ongoing advice charges" would be 0.75% p.a. When I asked if this was a percentage of the profits [if any] made from my capital or a…
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