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Savings & investments

Discuss premium bonds, regular savings accounts, autosaving apps, shares and much more.

Trust fund for inheritance
Hi Looking for help with this one…my parents have passed and wanted to leave money for my niece and nephew. The siblings are looking to put the money into a trust until they are both 21. It’s around £50k each so no inheritance tax implications. I can’t get my head round which type of trust to use or which bank to use. Has…
Saving 2025
Hi All I want to start this year and save a bit more or invest a wee bit. I am really unsure how to go about investing but see a lot of people on this Trading 212 platform. Also I plan to save £2k this year but will see how that goes. I see a thread about saving challenge 2025 would this be beneficial to be included in?…
Savings advice - ISA/SAS ISA/easy access savings account
Hi, I’m hoping for a bit of savings advice. I have around £45k in my HSBC current account, which I want to move asap. I was thinking around £15k in an easily accessible savings account (I got a Santander saver last year when it was above 5%, it’s now 4%) , for any unexpected bills. £20k in Cash ISA (Trading212 4.9%?) and…
Re: Would like advice please regarding flipping houses
My partner has been offered an opportunity to invest a few hundred thousand in a house flipping enterprise. The person he is lending the money to has actually got a house in mind and he says that partner will supposedly get 10% return on his investment and I thought it would actually be 10% of the profit of the house…
£1475 won on £50k Premium Bonds in one year - what interest rate does this represent?
I'm not much good at maths and google doesn't seem to understand the question: could someone please help me work out what interest rate £1475 won on £50k of Premium Bonds in one year represents? Thanks!
What to do with 5k savings a year
In the very fortunate position that I'm going to be saving approx £25-26k each year, outside pension contributions. I don't want to increase my pension contributions and my emergency fund cycles through all the fixed 6%+ regular savings available to me. My plan is to put 20k into a stocks and shares ISA/LISA combination,…
Government payment into CTF for one child and not the other
My eldest child with a CTF is now 21 and when she turned 18 she took the money from her CTF. I noticed she’d received two payments from the government for £250. One in August 2011 and the other in October 2012. My youngest is turning 18 in a few months and when I checked her CTF I noticed she hadn’t received these…
Halifax RS in lloyds branch.
I opened a Halifax Regular saver recently but don't have a current account with them. I seen on the Beeb today that in the near future you will be able to use all high street branches within the Lloyds banking group(Lloyds Halifax and BoS.) for your everyday banking. So will it be possible to open accounts with the other…
Will I be taxed?
Hello all, following the sale of the marital home and a small property I purchased after leaving husband in 2013, I've managed to purchase a Bungalow with the proceeds. It needs work doing to it, and I have £34000 in a savings account to finance this. My normal every day acount has £7000 in it. I'm retired, with a modest…
Other non-taxable savings ?
Other than ISA's, where can cash be saved with interest but without tax ? NS&I used to do them but don't now.That leaves premium bonds.Is there anything else ?
Prudential Prudence bond
Hi, my dad invested 5k in a Prudence bond over 20 years ago and has not touched it. It has done very well and he has now withdrawn it. Can someone tell me, if he will be taxed on it? He is basic rate pensioner. Please see attached document from Prudential.
Confused about daily interest and compound interest
Researching savings accounts and it seemed to me that by far the best option is interest paid daily as it would compound. This can't be true or else why would anyone take interest paid monthly or yearly? My understanding of an interest paid daily account is that if you start off with £100 and the interest rate is 5% the…
Pension lump sum
Hi I’m new here so hopefully this question is in the correct forum page I’m retiring in April this year at 63. I want to use my 40k lump sum to top up my pension till I get state pension by taking a monthly amount out of it. what would be best way to get a completely safe and efficient way of getting some interest out of…
Plum ISA Users
The message in November 2024 from Plum saying Cash ISA interest would not be credited until the end of the following month means, as I understand it, that it is not possible to close or transfer the ISA without losing a minimum of a month's interest. This makes the attractive annual interest rate (with bonus) much less…
10 Year Goal Putting Away £1000 Per Month
Hi all, We are a family with a young child and both are in our early 50's Currently in a shared ownership property and own outright 25% = £160,000 with rent per month = £1,100 which rises around £50 per year. We have £1000 per month that we can put 'somewhere' for 10 years with a possible £20,000 lump sum to kick it off…
NS&I Direct Saver
I've opened an account (4/4/24) and am finding it impossible to log in. I'm due to have an inheritance and thought an NS&I account would be a good idea. I'm looking for opinions on NS&I and login issues. It seems crazy that in this day and age that I can't even log into the account - or is it just me? Thanks in advance M
Bonds & Savings Platforms for an American national, British resident
Can anyone provide a quick answer to which platforms such as HL, Raisin, etc. allow USA nationals, British residents (with an NI number) to open new bonds via their platforms? I am struggling to find any for my wife who has lived in the UK for thirty plus years! Many thanks for any help offered.
Homeserve and Severn Trent Water
I had a letter from Severn Trent promoting Homeserve's plumbing and drainage insurance. If I take out this offer and I have a plumbing emergency which needs Severn Trent to do something before the Homeserve plumber can do his/her job (eg turning off an external stop tap) would Severn Trent respond more quickly and easily…
Opening new/keeping accounts when living abroad
Hi, I used to live in the UK for many years until I decided to move to Spain a couple of years ago. I have kept a few UK accounts (easy savings, notice accounts and stocks) but most of them are no longer very interesting for my savings. Besides, I still earn my salary in GBP and most of my money is in the UK. I am…
Check Santander Edge Saver 12 month bonus has come to an end
Many will have opened a Santander Edge Saver (SES) just over 12 months ago @7%, 2.5% of which was a 12 month bonus. The 12 months is up which means your bonus will end and your interest will drop to 4.5%.The available SES has an interest rate of 6% including a 12 month bonus of 1.5%.To achieve another 12 months of 1.5%…

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MSE News

MoneySaver's 'unbelievable' £675 refund from Complete Savings – how to check if you can claim too
MoneySaver Ray secured a £675 refund from Complete Savings after reading our warning about the 'cashback with a catch' site's misleading 'click to claim' ads. And Ray's not the only one, as we've been swamped with similar successes.
Origin broadband customer? You'll soon be moved to Utility Warehouse – here's what you need to know
If you're an Origin broadband and home phone customer, you'll soon be automatically transferred to Utility Warehouse – but your service will continue as before and you should keep paying your bills as normal.
Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and savings
The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.
Is now a good time to fix your mortgage or should you wait? Brokers answer as rates continue to fall ahead of expected Base Rate cut
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait?
Fixed-rate mortgages continue to fall ahead of expected Base Rate cut – so do brokers think now is a good time to fix?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further?
Martin Lewis: How to call your bank by dialling just three numbers
How to call your bank by dialling just three numbers… simply dial 1-5-9. Then you know it's legit. Watch MoneySavingExpert.com founder Martin Lewis' video below, which explains it. And please share – the more people know, the fewer will be scammed.
Martin Lewis: How to call your bank by dialling just three numbers – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.

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