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Barclays Rainy Day Saver no interest credited
Hi, I've got the Rainy Day Saver open and since October last year the balance is £1 to satisfy the minimum balance requirement. Barclays states they pay interest on the first working day of the month. However, even with just £1 in there I should have been credited with 2 pennies between October and March but nothing. 1st…
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Child account funds held till 21
Hi my parents want to open bank accounts for their grandchildren and put a lump sum into it but with no access until age 21. They went to Nationwide and were told they can't do anything as our 8 year old is too young. They also spoke to their solicitor who confirmed this was correct? Any advice would be great, thanks.
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Inheriting shares
My wife is in the process of inheriting some HSBC shares. Does she need to open an HSBC Invest Direct account to hold these shares, or are there other ways to accept the shares when probate is finished? Can she, for example, open an investment account with another bank, say Lloyds or Barclays, to hold the HSBC shares? All…
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Interest on Savings Account - The Tax Year Interest is Recognised As Being Received
I am just looking to double check my understanding of the situation in relation to savings account interest and when it is recognised as having been received or paid from a tax year perspective. As I understand things, interest is counted in the tax year that you CAN access the interest, rather than the year that you DO…
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Shareview
I inherited some shares from my mother and filled in the necessary form to transfer the shares in my name and the transfer went through a couple of years ago. Have not really paid attention to the and would now like to transfer them to trading 212. However they need to be digitised. i have an online account where the…
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GB Bank - The Good? The Bad? The Ugly?
I'm looking for an easy access savings account, and GB Bank currently seem to have a fairly enticing offer at 4.6% AER with a reasonable minimum opening balance and unlimited withdrawals, but I just don't seem to be able to find much information about them (apart from their own website). Does anybody have any personal…
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USD to GBP (update)
I posted few weeks back .. situation has moved on.. I am from UK and bank in gbp with natwest in UK - I have a 6 figure sum from US in USD now arrived in WISE - not comfortable having it sit there, have no clue about currencies BUT noticed how USD to GBP is at 90 day low at 0.77 even if it went to 0.78 makes quite…
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Zopa Bank current account plus savings at 7.5%
My partner has just received an email from Zopa offering him a current account with linked savings at 7.5%. Has anyone had any experience with Zopa as a current and savings account customer? We are saving for a holiday to Australia and so want to get as much help as we can with interest but when I searched Zopa on here…
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Junior ISA & Junior Stock and share savings
I have never done this before and need advice regarding opening a junior isa and stock & share account with the 8k to invest. what proportion should I consider and with who. Thanks
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Fortrade CFD vs ETF
So I opened an account with them under the impression that I could buy ETFs from Fortraders But now they tell me they sell a mirror image of ETFs in the names of CFD Anyone know what they are please?
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confused about what I can pay into my personal pension
Hi there I can't quite get my head around what I'm allowed to pay into my personal pension. I have just consolidated two previous employer pensions into one self-managed one with Vanguard. This current tax year, I earned a total of just over £5k which I paid directly into my employer pension scheme at the time, which…
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Child savings
hi, my son (16) has £29k in a savings acc which he does not know about. This has been made up of child benefit, bday, Xmas etc. The acc has been changed to an adult acc giving only 3.05%. I am unsure how to invest to get the best return for him ?
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Tax implication of selling stock to invest in pension or ISA
Hi there I have an equity investment that I bought in a year when I had already maxed out my stocks and shares ISA allowance and didn't have a pension product I could pay it in to. Now I would like to sell them and put some in my pension and some in next year's ISA allowance. The company (Vanguard) says the process is that…
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Moved: Part of a house in a trust
This discussion has been moved.
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Savings interest and tax
Hi am I understanding correctly what Martin said in his program tonight that even though my wife and I are earning over £1000 each in interest, we won't be paying tax because there is an extra £5000 each we can earn? We are both pensioners 80 years old. I have been putting money into ISA's so that our interest from our…
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Top slicing advice. Partially surrendered onshore bond.
Hello all, I've done some searching both on the MSE forum and vis Google, but I am struggling to find answers. Background : Mother has an onshore bond opened 5th May 2001 with £35,000. No further additions. Value in January 2024 £83,000 £40,000 partial surrender in February 2024 which resulted in a Chargeable Gain…
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No progress from Chip 4 days later. How should I proceed?
After failing to be able to access my Chip cash isa using their app on Friday after several attempts it has now locked me out. I have discovered that there was an update to the app a few days earlier so wonder if that is part of the problem. Having provided suitable ID I am still no further forward to accessing my money…
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Gatehouse EA (NLA) is there a minimum amount to keep account open?
Moving my money elsewhere as rate goes down to 4.27% from tomorrow 19/3. The documents I have regarding the account don't state a minimum deposit/amount to be held to keep the account open. I'd rather keep it open if I can rather than close, but not if it's a high minimum. Can't find anything on their website, not to say…
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Regular Savers accepting deposits by debit card
I think there was a thread about this or similar before, but i can't find it.Which Regular savers accept deposits by debit card?I believe Skipton and YBS do
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Old Premium Bonds - Any way to check?
My Mums been tidying up and found £25 in premium bonds from way back when, perhaps over 50 years old, I seem to remember she did this a few years back and I found somewhere I could check them - alas I can't seem to find that now, NS&I want a holders number, which I don't have. MSE Site seems to suggest I'm not going to be…
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