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Savings & investments

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

Do I move my small amount of savings?
I am now 63 and when I was in my 20's I started to pay in to a private pension with Standard Life but when the recession hit I stopped. Recently I found I had £53k sitting there! I took a tax free lump sum and now have c£42k there. It earns 1.5% interest. My question is, should I move the entire sum to NS&I or somewhere…
HELP - Regular saving with lump sum and 1k monthly deposits
Morning all, im brand new here so I hope in in the right place. I am looking for the best place to save roughly 1,000 per month for 2 years or more, with the best interest rate either regular saver or ISA. I looked at various places online but many offer deals over 5 or 6% with a 400 cap per month. I don't want to manage 3…
Cahoot saving ac deal ending early
Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April. Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a…
Looking to find information on lost unit trusts
Hi I’m looking for help to find unit trusts opened in 1987 via IBI FUND MANAGERS LTD which obviously no longer exists. I’ve been getting no where with banks, Gretel or lost accounts. Any help would be appreciated
Difference between new and transferred ISA
I’m helping my Mum sort out her savings since my Dad died. He had £20k in his current account so she immediately opened a new ISA and put the £20k into it. She also has a long standing ISA with £30k in it on abysmal rate. Can she transfer this ISA to a better one in this tax year or has she already used up this year’s…
MSE News: PCF Bank to leave the UK market – what it means for your savings and loans
PCF Bank has stopped offering personal savings accounts and loans to new customers, and plans to exit the UK banking market – but there's no immediate change for existing savers or borrowers. Read the full story: 'PCF Bank to leave the UK market – what it means for your savings and loans' If you haven’t already, join the…
Help with disposing of shares
I inherited shares from my father over 20 years ago and considered them family money and done little with them. I do not really understand much about shares and investing. When recently talking with friends about them and at my stage of life selling them rather than burdening my children with them they said I should…
closing a Halifax Regular Saver early
Quick question, if somebody has a Halifax Regular Saver and closes it early (after 10-11 months) would they still get the interest accrued until that point? Relevant bits of The Ts&Cs say: "Your interest is paid 12 months after you open the account." "You can't access your savings unless you’re closing the Regular Saver…
Tax Deduction for Savings Interest
My fault, I should have read my tax coding but see I have been taxed for interest on savings. It's not a huge amount, but I really cannot believe I have received over £1,000 in savings interest. We have modest savings and a few shares about £10k in value for which we receive dividends. Does HMRC trawl every savings…
Coventry BS app
Is it just me or is the Android app down?, mine hasn't been working the last day or so
Saving advice
I had this years ISA maxed out at T212. I’ve had to pull out almost 8k to use towards a replacement car. I currently now have 12k in T212 ISA but I’ve also been saving in a Club Lloyds RS at £400pm now at 2k. Am I best keeping The RS going and close it just before the end of the tax year and transfer what’s will be 4k back…
Investment & Saving
I am now a home owner and has such have pretty much wiped out my savings. The money I do have I pretty much have earmarked for renovations and I also have the next 3 months mortgage covered. Now I would like to begin setting aside some money each month to build a nest egg. Single man on £31,500 per year. What do you…
Regular saver query
Hi, my daughter (23, still living at home and working full time, salary 28k) has a Lloyds regular saver maturing next week, and she says that she won't be opening another one as she can't afford a further £400 per month now that she has various other regular savers earning more (10.38%, 8% and 7%). She's going to move…
Child trust fund help
Hi good afternoon, My son was born in 2004 and received the £250 child trust fund check. We put it into Halifax at the time then Halifax wrote to us and said you need to move it so we did . When my son turned 18 we logged into the child trust fund account and to our horror it had matured at only £650 when most of his…
1 year fixed savings account or money market fund
Hello I have some cash I am saving for my child. I am unlikely to need it for around 8 years, but like to have access at least one a year. So I don't want to consider a 2 or 5 year fix, at this time. It was in a 1 year fixed savings account, which has just matured. I am deciding between another 1 year fixed savings account…
No References in Savings Accounts
Why do saver accounts have no references when transferring money. From one account to another. I'm now losing track of the transfers and what there for. Especially with Christmas looming and other items I've been buying for my new garden.
Tax on Bond Funds
A number of years ago I switched all my GIA investments to income units for ease of tracking dividends/equalisation for my tax return. But rather concerningly i've completely overlooked the Vanguard Global Bond Index Fund - GBP Hedged Acc which I have bought into over the last few years. For some reason I just assumed it…
Proceeds from house sale
Hi. We are in the process of selling our house but sadly the owner of the property we are looking to buy has passed away so we will be renting until probate is granted. My question is what to do with the proceeds from the sale of our house (approx £400000). Hopefully we will only be renting for 2 or 3 months but would like…
How much interest will l lose 11 payments not 12?
Hello. I was just wondering how much interest would l lose if l say had a regular saver at £200 per month maxed out at 6% but didn't make a 12 payment?
Elderly Friendly Accounts
Hello, we used to look at getting the best interest rates for my parents, but now they are much older and there is the prospect of invoking LPA’s or dealing with probate, we are thinking that it would be better to chose current account, saving accounts and ISA accounts with institutions that were best of class to engage…

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MSE News

Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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