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Short term easy access savings
I have in the region of £90k, proceeds of a property sale 12 months ago, which has been sat in a 6% savings account for 12 months and matures at the end of the month. I saved 20k in a fixed term cash ISA for the previous tax year which has matured and has been transferred into a Trading 212 cash ISA and have 14k also in a…
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Repeatedly cancelling notice accounts
I'm looking into notice accounts for a better interest rate. I see that several say that you can give notice to close the account but cancel the closure (if you change your mind and want to keep the account) up to and including the day before the notice period is complete. With that in mind, surely one can just give notice…
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One or two year bond?
I have a lump sum of money I would like to invest into a fixed rate savings account. I won't need this money for the next 2 years, so I would be willing to put it into a 2 year bond. However, I'm unsure about the interest forecast, am I better putting it into a 1 year bond and reinvesting it this time next year, or will I…
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debt level /credit rating
Hello just asking for opinions here - I opened a savings account and my accontant suggested that I check their debt level to have a fair idea that it isnt a risky establilshment or could go bust. He suggested I ask them what their "debt level" is to give a rough idea. Is there actually a nice way to ask a bank that?? (or…
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Withdrawing from Santander Investment Hub?
Hello, I'm trying to withdraw some funds from my Santander Investment Hub after recently selling. I spent about 45 minutes trawling the hub to find out how to withdraw my money but I can't for the life of me find any means to do it. I looked at all the guides online but there is no instruction on how you do it. Does anyone…
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Where will I make more interest?
I currently have 3 savings accounts: 1 at 5.25% opened in Nov last year but I can only deposit £400 per month, interest paid annually 1 at 8% opened in Nov last year but I can only deposit £200 per month, interest paid annually 1 at 3.93% opened and I can make unlimited deposits, interest paid monthly I work part time due…
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HMRC. When do I have to contact them?
I am retired and pay some tax on a private pension of £10k per annum. My wife is also retired and her pension is aprox £5k per annum. I claim State Pension, she won’t for another eight years. For the first time we have some money in savings accounts (Have maxed out ISA’s and Premium Bonds). It is in a couple of building…
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Capital gain rather than interest
I would like to earn modest capital gains this financial year rather than interest. My plan to do so is to buy those investment trusts that people often use for income, buying the day after they go ex-dividend (so the price should dip to reflect the dividend) and selling shortly before the 'date of record' for the next…
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Atom Bank 6 Month Fixed
Hi I want to invest in the Atom 6 Month Fixed deal at 5%. I'm just concerned about sending a large sum of money to them. Anyone currently using them ? I've got the app and opened the account but a little worried about sending £X000 to them Thanks in advance
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Monmouthshire BS
Got a letter from them today. Several mistakes with my address, spelling, non capital letters. I decided to ring them up because I know my address exists, same as my previous addresses of which I'm pretty sure I had to put into the application form when applying for the instant access account, woman I spoke to was all like…
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Halifax old account
I have an old Halifax account, possibly liquid gold I can't find any info on it but I regularly get letters from the Halifax about interest rate changes etc. I can't find account number etc and it's possibly pre email . I can't log onto their site as I have no info, I've tried contacting them in person but they are no help…
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Reclaimed old bank accounts/savings/investments/pensions? Success stories wanted!
Here's the new thread for letting us know you've Reclaimed lost cash, whether from bank accounts, premium bonds, pensions or investments. We want to hear about all about your successes, including: * How much you got back * What sort of financial product it was * Which methods you used to reclaim it (My Lost Account,…
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cashback&bonus
Hi all just a couple of questions does the £100 raisen bonus and the hargreaves cashback count as interest, and a hypothetical question if i don't work and have no other income apart from £85000 savings in a flexible isa could i move £84000 from the flexible isa on 6th april into a higher paying account eg notice or 9…
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Iht on property
If someone had to sell their property to pay for care fees, then say died a year later, would they have lost their 175k property iht allowance...as they held no property on death If their partner had died several years earlier, so they held 2 x 175k iht property allowance, would both be lost if property was sold before the…
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Premium bonds
About 10 years ago before my mother passed away, she gave me her premium bonds, no idea what I do with them ?? They are in her name
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SIPP
Looking at where my SIpp is 6 months in I have global strategy balanced - 24k (+3.36) and dynamic 5k (+0.67) - im putting 1000 in per month and lump sums in addition - have 10k in waiting to be invested I held off as there was talk of a US recession so thought it might be sensible to see if that had a big impact. Im…
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Fund & Share account v stocks & shares ISA
Hi. I have a Fund & Share account with a very modest amount
in with a small direct debit of £50 paid in each month, as i
am at University retraining so don't have much in the way of disposable income.
It is linked to the S&P 500 Index. However, when i
graduate i will be looking to invest significantly more, maybe £200-£250…
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Tax on fixed rate bond reinvested
I understand the tax liability on interest on fixed rate bonds arises when you can access the interest (regardless of whether the interest is credited to the bond more frequently than just at the end of the fixed term, on maturity). However, if, on maturity, you opt to reinvest the proceeds of the first fixed rate bond…
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Instant Access Account able to pay in from more than 1 Account
Hi. I know there are accounts like this but cannot find then: 1. Instant access / transfer, or at least same day 2. Ability to pay in from more than one account (OK with transfer out to only one account) 3. Monthly interest 4. Interest rate not particularly important I have Saffron ESaver which allows this. Also have a…
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The bond/gilt market
There have been some interesting things come up in other threads so I thought I'd put something together for general discussion. In order to understand the stock market, it is incredibly useful to first understand the Bond market. Why should I understand bonds?Both bonds and stocks are two of the main investment option…
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