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Using savings to generate income.
I'd love to retire early - 55/56? (work till I'm 70 or so - no way). Of course, I'd need money so I'm looking at consolidating some savings and using these to generate an income. Has anyone experience of doing this? What sort of income could realistically be generated from say £60k? (I also have an occupational pension of…
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Coventry Bdg Soc – new Sort Code for inward BACS
Calling customers of Coventry Bdg Society! (Please alert friends & relatives.) Inward BACS now need this new Sort Code : 40-63-01 new Account Number : the first 8 digits of your own a/c nr – not all 9 digits. (Previously this was Coventry's holding a/c nr.) Reference : your own name. (Previously this was your own a/c nr.)…
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What is the next step from a saving account?
I have managed to save a bit from here there and everywhere and my savings are gaining interest in 2 savings accounts. However, i am getting to the stage where, although i would hate to be without my savings, but i dont really need it. So i am wondering what is the next step up the ladder interest wise. I dont mind tying…
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Stakeholder Pension...for a child
I have been given advice by an indendent fininacial adviser to set up a stakeholder pension for my 2 yr old son, adding his child allowance to this each month and when my son is 18 we can stop paying into and he will be set up for life.....
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What's the best isa/saving account for me?
Everytime I get paid (every 4 weeks) I want to deposit £200 in a high isa/savings account... Which is the best one for me? The main things I would like to consider are a) high interest and b) Good customer service - Ease of use... Please can anyone recommend me my best option? I don't mind if it's an online solution (of…
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Regular Savings Account
Which is the best account to put £50 per month for a long term basis,eg 6 years, it will be in the wife's name as she is a non-taxpayer.
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Giving notice on savings accounts
Just a thought here. When I worked for one of the big 4 banks, there was a 60 day notice high interest savings account - they use the term 'high interest' loosely here. If you were staff or a graduate, the notice period was waived and you effectively had a high interest savings account with no notice which would have been…
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minimal nil–interest moving £'s from bdg society
Please can readers here share ideas of how I can move a lump–sum from a building society online a/c to another bdg soc (or Birmingham Midshires), with a minimum number of days earning nil interest? The £'s are in Leeds & Holbeck BS 'Online Saver' a/c which normally requires "5 banking days" to transfer to the linked…
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Tax Free maximum?
I have 2 hopefully simple questions: 1. At work I have heard of paysave schemes which allow you to save, tax free, a maximum of £250 per month. This equates to £3000 per year but is this the same £3000 pounds that I am entitled to put into a cash ISA? or can I do both? 2. I currently hold an ISA which is below some of…
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Tax-free savings
Any views on Scottish Friendly's Tax-free 10 year Bonds? Save up to £25 a month.
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long term investment ?
hello everyone we have a 6 week old baby and have not claimed his child benefit money yet - we wish to put this monthly payment straight into a long term investment plan - one where i can forget about the money for at least 10 years - more than likely as a Uni fund type of thing... BUT! Where to start?? all pointers…
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Guaranteed Equity Bonds [GEBs]
... It's quite easy to understand how these 'work' - you invest a lump sum on the level FTSE 100 index on a given date and receive a proportion of any increase in the value of the upto 5 [or 6] years later.. with the added assurance that you will get back all your money if the level of the index is actually lower at…
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Halifax Regular Saver Early Closure
Greets all, Martins article on Halifax Regular Saver says: "Miss a payment or withdraw any cash and the account is closed and the interest up to that date is credited... " Perhaps I misunderstood what this meant cos when I was about to open a HRS account the other day they said that if the account is closed - for whatever…
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£30K - Invest or pay off mortgage ?
Got 30K to invest. I can either pay off some of my mortgage in one lump sum (which would ease the monthly outgoings) or invest it. One thought I had was to invest the 30K and use the interest (around £1350 a year?) as a yearly overpayment towards the mortgage,but keeping the 30K intact. What do you reckon ? :-/
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70,000 to invest and need monthly income
We are selling our property and moving into temporary accomodation. We hope to have between £70-75K equity which we need to invest for 6-12 months, we are both basic rate taxpayers. We would prefer a monthly income to help towards renting. I have looked on the net for easy access savings accounts, best rates seem to be…
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teen savings
i have a 17yr old who needs to start saving, still in full time education . Which is the best account? when I've checked on a few suggested the account holder has to be 18/21. Needs instant access and won't be a regular saver.
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ING Savings
am considering opening a ING savings account as I will receive £10 for opening the account as well as the super interest rate. What I want to ask and please excuse for doing so, is on opening the account are you subject to making regular direct debit payments each month or can you contribute to your savings as and when you…
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Alliance and Leicester 5.35%
Alliance and Leicester Online Saver Account 5.35%
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Share Dealing
Holding 100 Abbey National shares, how can we get the best price if we sell, it seems this proposed takeover is beset with form filling. Any advice on selling with the lowest commission welcome.
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best way to save?
I don't really know anything about all the different savings accounts. I want to make sure I have plenty of money for when i retire, what's the best way of doing it?
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
