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Vanquis 90 Day
Noticed yesterday that my Vanquis 90 Day Issue 2 account had an increase in interest rate (monthly) to 5.37%. It had been reduced to 4.89% in last couple of months. Apparently the increase took place on the 5th Feb. Does anyone know a reason for this? Seems strange.
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US stocks investing advice please
Hi, I've never invested in the US before, but there is a company I'm interested in. How complicated is investing in the US? I'm with Hargreaves Lansdown and I'm aware of the W-8BEN form. The company is listed on NASDAQ, and whilst I'm certainly interested in investing, I just wondered if anyone could offer advice as to how…
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Child trust fund final amount query
Hi, can anyone advise me on the following , First child received over 800.00 when she turned 18 two years ago when we invested her 250.00 with santander. 2nd child we put her 250 with Britainnia who got taken over by cooperative, and she Is about to receive 367.00 Why isn't it roughly the same amount as santander. Should…
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Approach to Savings as Market Changes
I was thinking this morning how my approach to savings has altered in what is an environment where interest rates are now aimed on a downwards trend, compared to my approach when the opposite was the case. Up to about 12 months ago, I was very keen to lock in to fixed rate deals, keeping about 70% of my non-ISA savings…
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Should I engage a Financial Advisor?
I am a complete novice at investing. In 2019 I received a legacy of about £400,000 which I invested on advice from my own bank, Santander. Since the start of this year the value of my investments has been dropping and is now less than I put in. I accept that this is probably happening to most people, but I do wonder…
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Octopus Preference shares
Octopus have just launched a "preference share" issue for two windmills paying 6% interest on a closed market that will repay the shares after 3 years (if all goes well!). Each windmill is set up as a separate limited company. It appears to be windmills they already own, so in a way it seems like a general funding…
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scam phone and email from USA
Over the last couple of days Ive recieved phone calls and emails from the USA regarding selling shares. Supposedly from Scottish power/Iberdrola It started out as most scams being believable right up until the second phone call asking for pass port and bank details. See below. Be careful people. "Please see attached…
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Declaring Savings Interest through Self Assessment
For the current tax year my savings interest will be greater than £10,000 but less than £18,570. I will have no income from any other sources (I am a recent retiree and will not have any salary, pension, dividends, rental income, investment income etc for the current tax year and I have not transferred any of my Personal…
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Multiple limited access savings accounts.
I have a few of these limited access savings accounts.It occurred to me - why not open a number of the same accounts?That way you can effectively increase the number of penalty free withdrawls.Most savings organisations I have looked at do not appear to limit the number of accounts.Alternatively you can simply close one…
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Saving allowance & tax calculation help
Hello, Can some kind person help me understand the difference between the £5000 starting rate allowance & the £1000 personal saving allowance please? In particular I'm trying to understand the sums in calculating 2024/2025 tax due for a married couple. John has no income apart from savings interest of £16,000 Jane has…
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Raisin awful onboarding/admin vs. Hargreaves Lansdown
Hiya, I'm a long-time user of MSE, but never signed up for forums before; signed up just now so that I can raise this question. Basically, for the last 3 weeks I've been trying to set up a Raisin account (mostly to take advantage of a £50 cashback which has now expired). At the same time, I was also looking at HL as they…
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How best to 'invest' for my son, and two nieces?
About to come into money, and I'm looking for the best options to provide a 'trust fund' (which may or may not be the right way to go!) for all three kids. One is 3, one if 4, the other is 9. Ideally I'll have £10,000 for each of them, and would like it locked away until they hit 25. What's the best way to do this that has…
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Caxton fixed rate bond
Having used Caxton FX happily for a pre-paid currency card for years, I felt confident when invited to invest in their 2 year FR bond in 2022. However, here I am a month after the maturity date with no correspondence to ask what I want to do, and there appears to be no phone number for their customer services dept and only…
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Is it feasible to have multiple savings accounts?
Last year my mum received an unexpected inheritance and at the time my parents put the majority in NS&i and some in a high street bank savings account. At the moment with the rate drops they can get better deals elsewhere. I was contemplating looking into splitting it up into banks which aren't linked so they get the fscs…
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old shares in parents name how to find out how much paid for them?
This may seem a daft question, but my dad and mom held shares in Lloyds TSB and did so for a number of years. Dad passed away 3 years ago, and at the time Equiniti just removed dads name and they are in moms name alone. However, should mom choose to sell these shares, how do we find out how much they were bought for? Going…
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Can I switch bank accounts if I have non matured linked fixed savers?
Hi. I was thinking about switching to First Direct to try and blag the 175 switching fee whilst it's still available. My issue is that the account I want to switch from is my nominated account for 2 fixed savers which do not mature until mid April and July of this year respectively. One of the fixed savers is with Zenith…
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Monthly vs Annual Interest Query
I'm planning to open a Vida Savings 95 Day Notice Issue 1 account. I want to maximise the interest and don't need a monthly payment so would choose the annual rate which is 4.85% rather than the monthly interest at 4.75%. I have two points of enquiry, listed below. 1) It's possible I'll need to withdraw the money within a…
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Does it hurt the UK economy when the United States buy all our good companies?
So imagine you're hypothetically buying the FTSE350 as your monthly index fund because you believe in the future of the UK (for some weird reason), but let's assume that's the case. Then we create a really good company that's growing well and expanding. At the moment the company is private so it's not included in your…
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Pension maturity
My wife had a small pension fund which matures in July when she turns 55. She doesn't work. The pot is £13k. Can she access the whole amount tax free or will she have to pay tax on 75% of it? Any help appreciated!
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Tax Havens
Usual apologies about this being in the wrong forum, but I didn’t know which one was most relevant. I haven’t got enough money for this to be pertinent to me, it’s simply something that interests me, and I know nothing about. I was reading about the Channel Island of Sark, which is desperate for more people to move there,…
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Most recent: Question re moving maturing ISA funds and adding additional amount by badger09
2 August at 11:22PM
