Where to put £1300 a month?

bendix

guineapig wrote: »

Any particular reason why not?

Let's just say over the last 30 years I have had the uncanny knack of "forecasting" some major financial events, that at the time ( 25-30 years ago) just wouldn't have entered the mental radar of anyone in the financial world. I couldn't be accurate with the time frame, just "knew" it was coming;)

Managing them online could help massively!

Yes, I appreciate that, it would also make life simpler, but the criminals in this world are always two steps ahead of the good guys and there was almost a bank meltdown (massive online fraud) that they almost got away with............sorry can't remember the details, however, I do know it will come, in the not too distant future..........

BTW I am not crook, I just have a "gift" some call it clairvoyance some called a load of old %£*&!! however, with regard to our financial matters it has served us well;)

A range of regular saver accounts:

Barclays 6%
Lloyds 5%
Halifax 4%

yeah, I looked at these only the Chelsea do more than £1000 and the interest rate is less than the skipton where I am already putting same amount in each month.

Perhaps stick the rest in an easy access account somewhere.

Looks like I shall have to carry on as before checking rates and splitting it up.

Though I might look into the current account thing, thanks!:D

Thank you all for taking the time to reply I really appreciate it:A[/QUOTE]


With all due respect, if you have an uncanny ability to forecast future financial events (*rolls eyes*) why not invest that excess in managed funds. Surely you can tell when the rises and falls are going to happen.

tonygee_3

guineapig wrote: »

Any particular reason why not?

Let's just say over the last 30 years I have had the uncanny knack of "forecasting" some major financial events, that at the time ( 25-30 years ago) just wouldn't have entered the mental radar of anyone in the financial world. I couldn't be accurate with the time frame, just "knew" it was coming;)

Are you.... Gordon Brown:rolleyes:

guineapig

D1zzy wrote: »

Brittania have a regular saver with a fixed 3 % 12 month bonus (current rate 3.1%) - you must pay in the same amount each month, but there is no restriction on the actual amount. 1 withdrawal allowed without loss of interest. Can continue beyond 12 months but the bonus can (WILL) change on each 12 month anniversary


(incidentally the branch confirmed that there is no upper limit on the monthly amount - specifically that 10k a month as an example would be OK)

Thanks D1zzy, just re-read this and realised that you actually phoned the branch! thanks for that. I wish someone would sort out their on line application form as that won't let you put in more than £500:mad:

I will get in touch with my local branch and fingers crossed it might be a goer, thanks again for taking the trouble to phone the branch, that was very kind of you.:A

guineapig

With all due respect, if you have an uncanny ability to forecast future financial events (*rolls eyes*) why not invest that excess in managed funds. Surely you can tell when the rises and falls are going to happen.[/QUOTE]

Because it doesn't work like that! Managed funds are "risky" and there are charges.

We believe in the "drip, drip," saving, not taking risks and it would be remiss of me to use my :rolleyes:"gift" for personal gain, sorry if that is too cheesy but I believe in Karma and I have seen the effects of greed/obsession with money etc. up close, it is not pretty and these people always end up lonely and unhappy even if a few do end up with tons of money!

LJDavis

So, you don't want to use your gift for personal gain but want us to help you for your personal gain?!!

opinions4u

To be fair, many so call experts have predicted that there will be a recession on a dozen or more occasions in the last 15 years. I suppose the were right.

guineapig

LJDavis wrote: »

So, you don't want to use your gift for personal gain but want us to help you for your personal gain?!!

Mmm, seems I got confused I thought the whole point of this website, is that it is based on mutual help, we have the right to choose to reply to a question or not, I am not a huge poster but I have taken time to reply in ( I hope helpful terms) to other peoples questions on other topics.

I share the American view of "paying it forward" and do so where I can.

I also am old enough and old fashioned enough to believe in the old saying "if you can't say anything nice, keep it to yourself!"

guineapig

opinions4u wrote: »

To be fair, many so call experts have predicted that there will be a recession on a dozen or more occasions in the last 15 years. I suppose the were right.

I wish I could be more accurate with time frame for this stuff, I could have made nice living out of it, I could have been Roberta Peston:rotfl:

Jonbvn

guineapig wrote: »

I share the American view of "paying it forward" and do so where I can.

You really have a blinkered world view IMHO. Having lived in the states for a considerable period, I would say they have an attitude more attuned to money than the majority of people in the UK. Do you really believe the Hollywood hype?

TBH, trying to advise anybody with such preconceived ideals such as the OP is completely pointless.

Eh? You don't trust online banking/saving???? However, you decide to ask people on a money saving website, despite the fact that you disagree with their whole philosophy for advice.:rolleyes:

!!!!!!, it is like asking turkeys about Christmas:rotfl:

Sorry but I have NOTHING to offer such posters!

Bunny_Mad

Hello Guinea Pig.

Im sorry, I only know of the Halifax Regular saver.

However, if you find a product you like which is an online only & you happen to have an account with that Bank/BS, give them a call & see if they will allow you to operate it via phone.

I too do not partake in Internet Banking. (Im new to posting, so please, before some of you start picking on me,(i have read the notes above!). Let me explain why......I have worked in Fraud for over a decade, I have seen major incidents & plenty of'close shaves', so I know exactly how insecure it can be.)
It is up to the individual, some people invest in shares, others stick to & prefer the safety of Banks/BS. Some like the ease or access & rates offered for online accounts. Others would prefer not to take the risk. Nobody has the right to criticise anyone for not wanting to use Internet Banking.
There are plenty of other products out there to suit everyone, some are just a little harder to find.

I thought this was meant to be a forum for help & advice! :0)

Anyway...getting back to liking an online product at one of your banks. When I mentioned to my Bank, that I did not feel comfortable opening some of their online saving products, & I would possibly move my savings elsewhere for a better rate. They offered to operate the on-line only account, via telephone for me instead. That was 8 months ago & its running smoothly. :0)

Just thought I would mention it incase you could do the same.

Good Luck.