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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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Premium Bond Winner ?
im interested in winning premium bond holders , or not as the case may be , please post your winnings and holding as well as length of time held , i have a theory that newer bonds win more prizes , id prefer not to make this a discussion area of that arguement but i would be interested in your winnings just a bit of…
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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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Cahoot Sunny Day Saver/Simple Saver/Fixed Rate Bonds - Upgrade Available
When I logged into Cahoot the other day, I noticed an upgrade link on my accounts page which I've not seen before. My Sunny Day Saver (interest rate 4.75%) was due to end on the 31st and I was able to upgrade to the latest issue which is 5% so it's possible it's not there all the time, maybe just when an account…
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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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Interest calculations check
Someone recently suggested that I should work out whether it would be better value to spend a given amount of money on a 12 month regular saver, a 12 month fixed account, or paying that amount off the mortgage. Sample interest rates and values used. For Reg Saver - funds start completely in the current account at month…
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Reporting of interest to HMRC - is it done as a whole per institution or per account?
Hi everyone I’m trying to find if interest gets reported as a whole per institution or if they send the detail of every account. So for instance, would it be: Customer X National insurance number Barclays: total gross interest £100 or Customer X National insurance number Barclays Account 1 £20 Barclays Account 2 £30…
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Savings instant access
Looking at other posts it seems the West Brom BS Four Access Saver Issue 3 now has the best rates for instant access? Currently have savings with Chase but looking to move. I like chase as the customer service is good but need to try and get better savings rates. Is there any known problems with West Brom like poor…
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Sector performance data
Can I
please check something about graphs showing sector performance compared to
index funds. Is the sector (eg IA Global) the performance of all funds – or maybe
just actively managed funds? – in the sector? And if so, does the gap between
the sector and an index fund show the underperformance of actively managed
funds…
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