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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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What would you do in this situation?
Hello all, I'm really hoping for ideas and advice. I'm just about to pay off my final debt - my mortgage - next week and then I will be 100% debt free. In my early 20s, I got into a huge amount of debt. For the last 15 years (I'm 47) I've not really saved much, just laid everything into paying off the debt, which means…
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Saving advice on £80,000 please
Situation- I am about to receive some compensation to the tune of about £110,000 due to a misdiagnosis. I am not sure what to do with the money to maximise my interest earnings etc. It’s unlikely to be paid this side of the financial year. Married/ 35 years old Mortgage- £270,000 left/ 30 year mortgage- currently…
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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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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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Where will base rate go in May?
That's the base rate held steady at 4.50% due to global financial turmoil, actual or expected. Are there any considered views what will happen at the next MPC meeting on 8th May? I don't see Trump doing a U-turn on tariffs. But maybe he will be forced to. Thoughts (without being political)?
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Tembo - are they any good
I have never used just an online only account before and am looking at setting up a Tembo ISA to transfer my ISA across to, I am slightly nervous about an online only account and was wondering how people get on with the Tembo one? TIA
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First Direct Regular Saver funding?
FD t&c are that the payment has to come from the customers 1st current account. Not only do you have to specify to FD admin in advance the amount you intend to invest in a given month you can’t increase it to the max £300 if you made a lower payment prior in that month. Inflexible and rigid terms. What I would like to 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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Aviva shares - cancellation / tender of preference shares
Hi there, Newbie here. My elderly relative has a few shares in Aviva. They've asked me what this letter means. I *think* I know, but I admit I find the letter impenetrable, and would like to be confident when I explain it to them. Can anyone help translate the attached into layman's terms please? Many thanks.
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Scottish Widow Pension
I have a Scottish Widows (SW) work place pension which myself and my previous employer had made two years contribution. I have started making a £2880 'non-earning contribution' since April 2024. I plan to change and reduce the number of funds, and considering transferring out but SW needs me to sell down as cash before the…
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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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Moved: Part of a house in a trust
This discussion has been moved.
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Woodford compensation and No Win No Fee fees
I joined the class action with Harcus Parker for redress from the Woodford catastrophe which to cut a long story short was not heard in court and instead redress was made via FCA. I received the compensation which was a small fraction of what was lost and was very surprised to receive a bill from Harcus Parker for almost…
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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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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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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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Trading 212 - MSE40 Code
Hi. Per today's newsletter about setting up an above Stocks and Shares account, with a £1 minimum for approx £40 of shares... Can anybody advise where/how in the process of setting up the account do we add the MSE40 code in? Thanks
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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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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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