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Savings accounts paying higher interest rates
Hello - brand new to the forum here. I’ve been looking at savings accounts on the MSE webpage and a couple of weeks or so West Bromwich building society figured as one of the recommendations. With a rate (variable) of 4.65 for an easy access account it was (and still is on their website) a good comparable rate. But it has…
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Concerned about growing government debt - what effects could this have?
I seem to be hearing more and more warnings about growing levels of public debt, both here and in the USA. If this does turn into a full on crisis, what would happen? Bond yields will rise I assume (prices falling), and the stock market will fall? Will inflation increase? What could I do to protect my investments?
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Interest on non-working days
I've had a couple of regular savers mature (Principality and Saffron), and the money has been credited today (on a Sunday). Which of my savings accounts can I put in in so that it will earn interest today, rather than leave in in a non-interest accruing current account? I will then send the money to its intended…
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Is this normal? (Conister Bank savings account)
Hi, I opened a fixed rate savings account with Conister Bank. I also recently opened one with Skipton International. Compared to Skipton, Conister was quite a different process after opening. With Skipton i was able to set up online facilities so could see where my money was after depositing etc.…
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Can I sue my finacial advisor, and or company
Gave my FA instructions in Mid Feb 2020 to make a drawndown in that tax year. Had retirred earlier that year (slightly early) and wanted to utilise £2,250 tax free amount remaining from my personal allowance that year. Also instructed him to instigate a drawndown at the beginning of the next finacial year for £10.500,…
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NS&I Website Login not working?
Anyone else having problems logging in this evening? I am typing my correct NS&I Number, Surname and Password but it isn't going to 2FA, just circles back to the same login page without any error messages. Have tried on two different devices with different browsers.
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Money from offshore trust
Hi, just looking for some advice. I've recently been informed that I'm due to inherit some money from an offshore trust, legally this distribution isn't classed as inheritance - I believe it will be a combination of income or capital gains. As it's coming from the channel islands to the UK I'm assuming there's going to be…
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Place to park money from house purchase pending new house
We will have a large sum of money £700K plus for about 2-3 months in between houses. The money will initially be paid into a Lloyds bank savings account. I am looking for a good place to park this money pending the purchase of the new house. Is there a standard rule across banks for how much you can transfer in and out - I…
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Where is the safest place to save all my pin numbers and passwords?
At the moment I have them written down and hidden in the home but realise they are in danger if we have a fire or break in [ unlikely I know but could happen]. I am a bit wary of saving them on my computer or online. Any suggestions?
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Is it better to give money direct to grandchildren, or give the money to children?
We have two children (both adults with children). We want to give money to our grandchildren. It would be easier for us to give the money to our children, so that they can pass it on to their children, but i think I heard it is better to give the money directly to the grandchildren. Is this correct? Why?
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Trading 212 vs Conister Bank
I have around £20k in a Trading 212 account which is currently at 4.61% (4.35% + 0.26% promo rate). However I'm aware this may drop soon due to the interest rate change. Having received MSE weekly email today, the best 1 year fix is at 4.52% with Conister Bank. Would you consider switching to this considering the…
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Harpenden Building Society
I thought I should do a little due diligence before potentially opening a savings account with them as I'd never heard of them before. Seems they are Fscs protected, but notice that although on the FCA list, they are not permitted to hold client money. How can they offer savings accounts/ ISAs and not hold client money?…
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Coventry Prize Draw
I don't know how anyone might know so it's probably silly even to ask, but I was wondering how many Loyalty Regular Saver accounts were opened with Coventry BS and therefore entered into the prize draw for 50 £1,000 prizes. 5% wasn't the greatest offer so perhaps very few took it up and I might win!! On the other hand,…
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Pension contributions on self assessment form
Hi, I am filling out my SA for 2024-25 I made the minimum contribution of £2880 to my pension fund My pension provider claimed the £720 I was due in tax relief. Where do I put my contribution on the SA form? In the "Payments to registered pension schemes (also known as PPR) where basic rate tax relief will be claimed by…
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CHASE Boosted Savings Rate
I've received an email from Chase offering 4.8% for 6 months Earn 4.80% AER (4.70% gross) variable for 6 months Hi Mary, You can now get a boost for your savings with an extra 1.80% AER interest for 6 months. It's true – you can open a Chase saver account with a boosted rate¹ and get 4.80% AER variable on your money, which…
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Beating passive trackers?
There is - at least in the papers I read - an advert which is simplicity itself. The main text is:'I aim to maximise your ISA investment by signifiantly outperforming passive tracker funds.'This is an open invitation, so I compared this fund to Vanguard's Global All Cap Index. It didn't do too badly, but it's more volatile…
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New job, being enrolled in Standard Life Pension, can I sweep balance into my private pension.
New job, being enrolled in Standard Life Pension, can I sweep balance into my private pension on a regular basis? I will only be in the Standard life one for 3 to 5 years as I'm in my 60's now. Also would it be worth reducing my contributions to my private pension and the reduction adding it to my company one to get the…
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Savings Matured - What Next?
Hi All, I have just had a small savings pot mature, and this has left £12k in a current account. I have just become mortgage/debt free. I'm 41, earning £ 40k per year, and paying 12% into my pension, which is currently at £102,000. Two kids under four and childcare is approximately £500 per month. I want maximise my…
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Anyone using Sidekick found a way to view the daily accrued Interest amount?
Has anyone managed to locate the daily interest amount in the Sidekick app? I can see interest earned to date but nothing about the actual daily interest (interest info says accrued every day but only applied from Sunday through to Thursday).
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Getting into the market
Hi all I have an inheritance in the pipeline and I'll be maxing out my ISA allowance. I think it'll be after the end of this financial year. I'll be saving with a stocks and shares ISA, and I wondered what people's thoughts are on the best way to load up the ISA: 1. Dump the 20k straight in and get the investment going at…
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Most recent: £85k FSCS cap - Risk to reward appetite! by masonic
22 August at 5:48PM
