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Savings account and tax
I have sold my property subject to contract. I am going into temporary accommodation when I complete. I have not yet put an offer on the table for a new property as nothing suitable has emerged. I am likely to have to save between £400-£425,000. Where is the best instant access account to hold these funds in, in between…
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Coventry BS/Co-op savings accounts... any sign of merging..?
OH and I have a joint savings account which used to be with the Britannia and is now a Co-op product (with whom we have a joint current a/c). We would now like to move our funds to a Coventry BS product. Following the recent takeover announcement, do we simply go ahead with this move or are we wasting our time and effort,…
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Hargreaves Lansdown - ISA/SIPP Cashback offer returns
Special offers to give you more value for your money | Hargreaves Lansdown Seems to be open to all customers this time around. The cashback amounts appear a lot less generous than previous iterations.
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CSH2 ETF Alternative ETF?
Hi I have searched for an alternative to CSH2, but haven't been able to find one, specifically non-distributing ETF. I am looking at moving one of our SIPPS to Fidelity (just for IT / Admin resilience), but they still will not onboard CSH2 (for my cash/cash like holdings). I've looked at ERNS and it would suffice as an…
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HL active savings MSE cashback offer
Hi, I've opened an active savings account (funded with £10k) to take advantage of the £100 cashback offer.Within the active savings account I've applied for the Emirates NBD, 3 months fixed, Starts 08/07/2024 4.99% AER. It's status is currently "pending" (awaiting the start date). The cashback would be paid ~ Jan-Feb/2025.…
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Trading 212 interest rate issue
Hello, I switched my ISA to trading 212 when it was offering like 5.17%. A month after mine dropped to 4.9%. it is now offering similar 5%ish but appears to be for new customers, i assume i cannot get onto the higher rate now? It kind of sucks because i joined their existing deal late then as soon as BOE dropped rates they…
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Inheritance
Looking for some information on trust funds. My children have been given money for their grandparent in the Will. They are not to receive it until the age of 21 however I have been asked if I want to withdraw it early. I’m not looking to invest the money for my children other than the bank’s interest rate, wanting to be…
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Best way to invest £100k
Morning looking for some advice. We have recently inherited £100k and would like some ideas on best way to invest it. A little background. I am in my mid 40s. Work in a school on £65k salary. Not much in the way of savings, but good pension building after being in teaching for 20 years. Have a mortgage on a £350k house…
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Strategy for an amateur, other than sticking everything in a diverse index fund?
I don't really have the knowledge to actively manage my investments so a few years ago I decided to stick everything in Vanguard's LifeStrategy 80% index fund. It's doing okay, and I've gained 30% since I started, so there may not be any reason to change this approach. I assume there are other options though, there must be…
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Help - How to Prove a Scam
Hi I am trying to help an elderly friend. My heart of heart tells me she is being scammed - this has already happened to her before and now it is happening again. I have told her that I believe it is a scam, I have shown her a facebook page where people have said its a scam and even a website they have where a few people…
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Best buy instant access savoings with ATM card
Best buy instant access savings accounts are easy enough to research but I am looking for one with an ATM card option. Does anyone know of such an account?
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CAN I DO THIS?
3yrs ago I opened a stocks and shares ISA with about £1500. I have never put any money in or taken it out since opening. Its done nothing except go down a little. Since then I have each year opened a new Cash ISA with different providers and always put the £20k max in. With it being 3 yrs old and never put any money in can…
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Kids lump sum savings account
Hi, I opened a Halifax kids saver esrni g 5.5% interest 7 years ago when my son was born and have been saving in this every month. At the end of each 12 month period the money is automatically transferred into a kids saver now paying 3.1% interest. I am now looking to transfer a lump sum of £5k from the kids saver into an…
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Are we all braced to be working through our spreadsheets for the, probable, base rate change?
Sounds as though it's likely. I bet am not alone in then waiting for the institutions then reacting to this and them adjusting their variable products. Then to plough through my Savings spreadsheet colour coding the rows / products that have and might change. Keeps me out of mischief!
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Any platforms offering bonus for investing (ala Wealthify used to)
Hi all. Are there any other platforms offering what Wealthify did a year or two ago - I invested 2 x £50 for my children and they are worth £115 now. Keen to do it again but can't seem to find any?
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ISA, advice on savings re inheritance
Hi All… I’m in the fortunate position of having some money to invest and reading the info on MSE but if anyone has advice to offer I’d be most grateful. I will put £20K into an ISA which I can leave there, then will need to split the rest between 2 separate savings accounts (one instant access) for the £85K protection. Am…
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Inflation: CPIH v RPI
One interesting statistic from this morning's inflation announcement (particularly for those interested in inflation-linked gilts) is the RPI figure. This came in at 3.6%, whereas the CPIH figure was 3.9%. RPI usually higher and sometimes much more so (eg March 2023 13% v 9%)
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Using plum for 2x DDs from RBS Reward account
I’ve just set up with Plum for the sole reason of having 2x Direct Debits going out of my RBS Reward account each month. But I am very confused!!! I set up a “Plum Interest” pot. This seems to be different to the “Easy Access” pot. My “primary pocket” shows as “East Access” I don’t understand what any of this means! I then…
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Savings of 80k - where to invest?
Hi My partner and i are looking for some advise on what to do with our Money. We are both higher rate tax payers, We have currently over 70k in a joint savings account and are not sure of what to do with the money. We have a mortgage we are still paying, we are currently in a good financial situation, although it could…
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NS&I to cut Premium Bond prize rate to 3.8% from April – are they still worth it?
NS&I will cut its Premium Bond prize-fund to 3.8% from 4% for the April draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you have Premium Bonds, you may want to consider moving your cash to an interest-paying account. Read the full story: NS&I to cut Premium Bond…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
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Most recent: Question re moving maturing ISA funds and adding additional amount by badger09
2 August at 11:22PM
