http://www.moneysupermarket.com/community/forums/savings-6.aspxenCommunityServer 2.1 (Debug Build: 0.2)http://www.moneysupermarket.com/community/forums/t/executors-saving-account-39834.aspxSat, 21 Nov 2009 11:16:07 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169275executor2http://www.moneysupermarket.com/community/forums/t/executors-saving-account-39834.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169275 I have discoverd that all high street banks view the Executor's account of a deceased peron as a 'business account' and pay virtually zero interest. This seems to be the case with the online savings accounts. Can anyone point me the direction of savings accounts that do not operate such an outrageous and usery policy? Thank you. Executor of deceased person. http://www.moneysupermarket.com/community/forums/t/transferring-an-isa-39786.aspxWed, 18 Nov 2009 20:15:59 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169058hattieB8http://www.moneysupermarket.com/community/forums/t/transferring-an-isa-39786.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169058I have a one year fixed rate ISA which is about to mature. I already have a regular savings ISA for this year which does not accept transfers in. Can I open another ISA purely to transfer into (ie no new money invested) or do I have to wait to the next tax year and open one in which I can invest that year's allowance plus transfer in? http://www.moneysupermarket.com/community/forums/t/barclays-fixed-isa-39844.aspxSat, 21 Nov 2009 18:24:32 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169304Morgster1http://www.moneysupermarket.com/community/forums/t/barclays-fixed-isa-39844.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169304 My husband and I went to Barclays last November and both opened an ISA with them and were told it was at a fixed rate. Today we have received our statement and can clearly see the interest rate is variable and of course a lot lower than the rate of nearly 6% that we thought we had secured. Both my husband and I clearly remember the meeting we had at the bank and how we discussed with the lady that it was better to put our money into the ISA's rather than pay off our mortgage because the rate was so good. She even talked about how we were lucky as although the rate had just dropped that we were had still managed to get a good one. We went into the bank on the off chance that someone could see us today but they couldn't and the manager we spoke to said that they were all variable and it would have said this in our welcome letter. I definitely want to try and take this further as we both feel we were completely mis-sold these ISA's. Has anyone got any advice or similar stories? Thanks http://www.moneysupermarket.com/community/forums/t/childrens-savings-lumpsum-39843.aspxSat, 21 Nov 2009 18:02:27 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169303maggles1http://www.moneysupermarket.com/community/forums/t/childrens-savings-lumpsum-39843.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169303My 14 year old has 3500 in a lump sum sitting in a BS accout earning next to nothing. It is for University use if and when she needs it.What is the best way to get her as much interest as possible. She will not be using it for at least 4 to 5 years. http://www.moneysupermarket.com/community/forums/t/social-care-39799.aspxThu, 19 Nov 2009 15:11:25 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169118tea or coffee1http://www.moneysupermarket.com/community/forums/t/social-care-39799.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169118Could anyone tell me the best account to put my moms social care money into. She is having to take it out oof bonds and trusts and presumably into an instant access account - anty suggestions?http://www.moneysupermarket.com/community/forums/t/child-trust-fund-or-not-39798.aspxThu, 19 Nov 2009 14:52:13 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:169116pebrey1http://www.moneysupermarket.com/community/forums/t/child-trust-fund-or-not-39798.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=169116Hi, Just had Baby no.1 and have a few questions. I know there is the trust fund thingumy that the government sets up, but was wanting to do something slightly different. Main points are: - Money must be available for Me & Mum to draw on at any time should t be required (I wound up travelling the country / Europe with sport when I was 15, so if a similar thing were to happen to baby the funds might need to be accessible) - We don't want the funds to transfer automatically to him on his 18th birthday (To prevent any possibility of a 50K world wide *** up!) Is there anything around that might allow this? Or is the answer to set up a savings account in our name and not put it in his name? Any advice greatly appreciated. Paulhttp://www.moneysupermarket.com/community/forums/t/what-is-the-point-of-a-cash-isa-39750.aspxTue, 17 Nov 2009 18:10:09 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168928mahemick3http://www.moneysupermarket.com/community/forums/t/what-is-the-point-of-a-cash-isa-39750.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168928 b`ham midshires have advised me that my isa is about to mature so i will no longer be getting interest at 6.15%. however they have generously offered me the opportunity to transfer the proceeds into a "direct isa" paying me 1.5% or a 1 year fix at 2.5%. wow - hold the front page !! i already have an instant phone extra a/c with them paying 3.15% and i can open a 3 yr bond paying 4.65% with a 90 day notice penalty. so, what is the point of them offering isa`s really ?????? seems to me im better off just paying the tax and moving my savings about to get the best rates, even if i sustain a w/d penalty at times. as it happens im a non-taxpayer at present but i did want to keep my savings tax sheltered because, hopefully, my situation will change in the future. im damn sure the chancellor didnt intend that the banks offer lower rates on their isas than on instant cash accounts - even sainsburys are offering 3.2% for an online instant account !! http://www.moneysupermarket.com/community/forums/t/savings-39322.aspxFri, 30 Oct 2009 11:29:25 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:167265basie2http://www.moneysupermarket.com/community/forums/t/savings-39322.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=167265 I wonder if you can help me please? I have £150k to invest for a mixture of income and growth. I also am looking for a measure of easy access but looking at your figures for building societies the CTI offers 3.30% but it seems to me that 2.80% is a "12 month bonus" What is a 12 month bonus and how does it work?Do I have to keep the full amount in the account for 12 months to earn the full 3.30% o r what? My ISAs are with Fidelity and fully paid up. Thankyou for your help Barry Copeman http://www.moneysupermarket.com/community/forums/t/fscs-cover-of-bank-accounts-39764.aspxWed, 18 Nov 2009 11:23:19 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168983Coinmeister1http://www.moneysupermarket.com/community/forums/t/fscs-cover-of-bank-accounts-39764.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168983 With the various members of the Santander group being renamed under the Santander name, will the seperate cover of Alliance and Leicester on the one hand and Abbey and it's other associated Banks (Cahoot, B & B etc.) be continued. If some has 50K in each of , say A & L and Cahoot is it still safe? http://www.moneysupermarket.com/community/forums/t/monmouthshire-3-year-stepped-fixed-rate-bond-at-5-39751.aspxTue, 17 Nov 2009 18:59:39 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168930mahemick2http://www.moneysupermarket.com/community/forums/t/monmouthshire-3-year-stepped-fixed-rate-bond-at-5-39751.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168930 so the headline rate is 5.48% on the comparison sites. interest rates are as follows: year 1 is 3.5% year 2 is 4.5% year 3 is 5.5% as far as i can see the average interest rate over the 3 years has to therefore be 4.5%. even if you compound the interest it is still ony 4.7% ... so can someone smarter than me explain how they arrive at 5.48% ??????? http://www.moneysupermarket.com/community/forums/t/west-bromich-building-society-e-bond-22-limited-o-39633.aspxThu, 12 Nov 2009 11:58:06 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168499janjakes4http://www.moneysupermarket.com/community/forums/t/west-bromich-building-society-e-bond-22-limited-o-39633.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168499 Earlier this year I invested £30,000 in the West Bromwich BS E Bond issue 22 with a fixed rate of 4.30% for 12 months to 31st May 2010. Today I have received a letter from West Bromwich offering me the chance to extend my 12 month fixed term E Bond 22 to 18 months at 4.30% gross or 2½ years at 4.50% gross and for 3½ years at 4.80% gross. Would any of these options be a good move. Jan http://www.moneysupermarket.com/community/forums/t/stocks-and-shares-isa-39723.aspxMon, 16 Nov 2009 14:14:44 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168806Dixie781http://www.moneysupermarket.com/community/forums/t/stocks-and-shares-isa-39723.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168806I invested in a Mortgage ISA Plan (Stocks & Shares ISA plus Life Insurance element) nine years ago on the advice of a financial adviser. While I appreciated the risks I was taking with a stocks & shares ISA, what the financial adviser neglected to tell me was there were 67.5% charges in the first two years. Unfortunately I never noticed this in the literature until after the 14 day cooling off period. Recently, the company that administers the plan has gone into administration. Whilst my investment is safe, it has made me realise what a poor investment choice this was. Whilst I appreciate the turmoil the stock market has been in over the last year or so, I have paid £1700 more into this plan than it is currently worth. I feel this has been compounded by the excessive charges in the first two years. Whilst I take reponsibility for my own poor decision and the fact I have continued to pay into the ISA, do you think I have a valid grievance against the financial adviser regarding the charges? http://www.moneysupermarket.com/community/forums/t/psst-wanna-buy-an-isa-yielding-070-less-than-a-fi-39667.aspxFri, 13 Nov 2009 14:43:04 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168623access2http://www.moneysupermarket.com/community/forums/t/psst-wanna-buy-an-isa-yielding-070-less-than-a-fi-39667.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168623Psst! Wanna buy an ISA yielding 0.70% LESS than a Fixed RateBond Guv? Dear Expert Both the following are banks owned by Santander. This is an example. Cahoot is offering 0.7% pa more than Bradford & Bingley. Cahoot: 2 year Fixed Rate Bond 4.20% pa matures 01/11/10 B&B: 2 year Fixed Rate Postal ISA 3.5% matures 01/11/10 There are no DIRECT charges on ISAs Take 20% off the Cahoot Bond for tax and you get very close to B&B’s 3.50% This has been going on for years but there has always been a “compromise” tax gap in favour of the ISA which even then is, I think, unreasonable Could you shed some light on what I think is a Pukka general ISA rip off? Thank you http://www.moneysupermarket.com/community/forums/t/how-long-you-have-stayed-at-this-address-question-39720.aspxMon, 16 Nov 2009 12:57:35 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168797kaku4http://www.moneysupermarket.com/community/forums/t/how-long-you-have-stayed-at-this-address-question-39720.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168797Hi Folks, after much contemplation, I have finally decided to go ahead and open a Sainsbury's bank 3.20% online savings account. I have decided to open a joint account with my wife so that she will have access to the money if something happens to me (just in case). However the savings I will be putting in this account are from my own earnings, but I trust my wife so I am giving it a go ahead. I have the past 3 years of address history for my self (split across two addresses), so my "personal information" page in the online account application gets submitted without any problems, however my wife has been in the UK for only around 2.5 years and before that she had an overseas address. For some reason, Sainsburys online application does not accept overseas address. What do I do now? Do I just lie and says that me and my wife both are living at the present address for "3 years and 0 months", which will let me complete the joint application without an problems? What are the implications of lying on the "How long you have stayed at this address?" question. I understand this is not a credit/loan application, but I think they still do some checks before opening the account. I have opened some credit card and bank accounts with my correct address history information which I think will be on my credit file now. My wife opened a basic bank account as it was opened using her short address history in the UK and the previous overseas address. Or, do I go ahead and open a single account only, which is NOt what I originally planned for the reason stated above. I can't decide and time is running out. I don't want to be on the wrong side of the law however.http://www.moneysupermarket.com/community/forums/t/where-to-stick-16325000-39728.aspxMon, 16 Nov 2009 14:53:56 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168813dave_r741http://www.moneysupermarket.com/community/forums/t/where-to-stick-16325000-39728.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168813 I've £25k sat in an ING account that over the past 2 months has generated £16 interest... obviously my introductory rate period has ended! Just wondered where would be best to plonk it? I've got money with Citi, Ulster and Premium Bonds, and am also making use of "regular saving" accounts by drip feeding into them. I don't want to stick it away where I can't get at it - so 5yr bonds etc aren't a consideration. Any suggestions other than dump it in a 3% regular saving account? http://www.moneysupermarket.com/community/forums/t/best-to-invest-39648.aspxThu, 12 Nov 2009 20:32:25 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168571jeff_uk1http://www.moneysupermarket.com/community/forums/t/best-to-invest-39648.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168571 Hi Due to todays current financial situation and the foreseeable future, does anyone have some general advice on the best way to invest between £10,000 - £20,000 over the next 5 years or more. Would a mortgage be a suitable option, shares or some other option. I'm very cautious to risk, hence, not a huge risk taker. Regards, Jeff http://www.moneysupermarket.com/community/forums/t/grandchildrens-savings-accounts-39649.aspxThu, 12 Nov 2009 20:40:58 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168573Nigglemusic2http://www.moneysupermarket.com/community/forums/t/grandchildrens-savings-accounts-39649.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168573Why is it so hard to open a savings account for my grandaughter [born 26/06/2009]. All the banks/building society I have tried will only let me open a bond account, but I need £250 to open it. Or a child savings account that I could open with £1but I would need my daughter to sign the application, she lives 150 miles away. All I want is to open an account for my grandaughter and pay in £10 a month. Is it really this hard.http://www.moneysupermarket.com/community/forums/t/does-egg-want-savers-money-39128.aspxTue, 20 Oct 2009 22:51:31 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:166461Ago5http://www.moneysupermarket.com/community/forums/t/does-egg-want-savers-money-39128.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=166461Moneysupermarket recommended during the summer of 2009 that a new EGG savings account offering 3.5% (I think it was 3.5% it was that long ago) was a good offer (or words to that effect). I applied on line to open this (no longer advertised) account 7 weeks ago but I’m still waiting for Egg to open it. I have contacted them several times and they have apologised but they say it’s because they have been overwhelmed with applications. Now I see that Citi (who own Egg) are offering a similar product (3.3%) one wonders if I were to abort my application to Egg and move to Citi would it be opened any sooner. Perhaps Sainsbury’s would be happier to take money that Egg/Citi doesn’t seem to want? http://www.moneysupermarket.com/community/forums/t/i-loan-desperate-chancellor-my-cash-and-he-keeps-39653.aspxFri, 13 Nov 2009 00:48:14 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168587access1http://www.moneysupermarket.com/community/forums/t/i-loan-desperate-chancellor-my-cash-and-he-keeps-39653.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168587I loan desperate Chancellor my cash and he keeps it – forever*! The Chancellor is desperate for one year cash at the moment and wants to borrow cash from me at 3.95% initially for a year – this rate is so good that it can be called “crowding out” or desperate if you like. BUT in a sublime bit of marketing chutzpah (cheek) the Chancellor keeps my money forever* if I take no action and tries to kid me he’s doing me a favour as follows:- “Guaranteed Growth Bond faqs: Lender (me): I went on holiday and I opened the letter on my return but my Bond had already matured. What happened to my money and what should I do now? (remember maturity instructions are only sent out ten days before maturity) The Chancellor: *Don’t worry, your money is still safe with us. It has automatically started earning interest at a new fixed rate for a further term of the same length. (remember if the Chancellor doesn’t need one year money on maturity the rate could be truly dreadful)” Other banks/building societies that want to borrow from me and have the same overall policy as the Chancellor include: Coventry BS, Kent reliance BS, AA Savings, BM may or may not but I’ve just read their online t&cs and they don’t bother to mention this at all, Abbey is vague. And in a short list of examples Mansfield BS sends you round in a circle to general t&cs but there’s nothing on maturity. They have a user friendly photo of a smiling lady and “call us” etc BUT as cs is so variable I always want everything in black and white and on the website. WHY IS THIS DEPLORABLE PRACTICE LEGAL? Am I being a fuss pot? First remember they call it “saving” I call it “lending” them money. Pop into your local bank and try and borrow money on the terms and conditions the above offer. WHAT SHOULD HAPPEN? Before you commit to loaning money there should be a maturity form which defaults on your funds being paid into your current account/easy access on maturity. Then whatever options the institution wants to offer. Never going to happen? Halifax do it and YBS automatically default into an easy access account on maturity. Keeping your money by default for ever, if no action is taken, should be illegal. DOES ANYONE AGREE WITH ME? http://www.moneysupermarket.com/community/forums/t/who-would-know-39645.aspxThu, 12 Nov 2009 20:22:03 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168567jeff_uk2http://www.moneysupermarket.com/community/forums/t/who-would-know-39645.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168567 Hi This may seem a slightly crazy question but one I have pondered for some time. As there is for example, a limit per year on ISA accounts, for example a cash ISA is £3600. If you or I take one out with one bank for £3600, who knows if you or I take the same amount out with another bank? Regards, Jeff http://www.moneysupermarket.com/community/forums/t/fixed-rate-savings-bonds-what-term-39605.aspxWed, 11 Nov 2009 16:11:23 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168423cindersooty1http://www.moneysupermarket.com/community/forums/t/fixed-rate-savings-bonds-what-term-39605.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168423I have £20000 that I could afford to put away in a 5.30% fixed rate savings bond for 5 years. The 5 yr fixed bonds do though all appear to have no withdrawal or closure permitted during the term should the interest rates go substantially above 5%. The question is should I do that or should I opt for a shorter term bond, say 4%+ over three years with a 90 day interest penalty.http://www.moneysupermarket.com/community/forums/t/citibank-savings-account-38933.aspxMon, 12 Oct 2009 09:41:53 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:165658lighty243http://www.moneysupermarket.com/community/forums/t/citibank-savings-account-38933.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=165658 Hi, I received an email from moneysupermarket.com recommending the best rates for your savings. The top rate was Citibank so I applied online and then received my savings card and you were to call a freephone number to activate your account and to transfer your money......AAAAAAAAAAAAAHHHHHHHHHHHHHHH I have tried and tried and better tried to get through to this number and my record for holding on was 1hr 40 mins and I still didnt get anywhere. What is the point in recommending a savings account if you can never get your money into the account! I tried emailing asking for alternative ways to open the account and after another week still no reply. So I give UP and will now try to open up with the next "better rate" Alliance & Leicester - hopefully I will have better luck with this one. Has anyone else had this problem with Citibank? Cheers http://www.moneysupermarket.com/community/forums/t/large-deposit-joint-savings-account-39581.aspxTue, 10 Nov 2009 18:43:32 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168332Pamela Kay1http://www.moneysupermarket.com/community/forums/t/large-deposit-joint-savings-account-39581.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168332 Hello My husband owns a flat solely in his own name. We got married and I contributed to the mortgage. We have now bought a house in both our names and are selling the flat. My husband has suggested the money we get from the sale of flat be put into a large deposit joint savings account under both our names. My question is, should we decide to divorce will there be any legal cause on his part to say that as the money in the account came from the sale of a flat that was solely owned by him, I will not be entitled to any of it despite the money being in a joint account? I appreciate any advice you can give. Thank you. http://www.moneysupermarket.com/community/forums/t/thousands-of-families-have-no-savings-39574.aspxTue, 10 Nov 2009 15:36:25 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168288Felicity King-Evans1http://www.moneysupermarket.com/community/forums/t/thousands-of-families-have-no-savings-39574.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168288 More than a quarter of parents with young children have no savings, according to a new study. Analysis carried out by Abbey shows that 28% of such parents have nothing to fall back on, while a further 20% have less than £1,000 saved for a rainy day. Many mums and dads who have managed to squirrel some money away into their savings accounts are now struggling to keep that up, with a quarter of parents cutting what they save by as much as £3,300 a year. Others are dipping into their nest egg to meet everyday costs, meaning there’s less cash set aside for future costs such as university. Abbey suggests this is partly down to the rising cost of bringing up a child. The cost of childcare has risen by 6.5% since December 2007. Reza Attar-Zadeh, Abbey’s director of savings and investments, said: "It's vital for everyone to have a rainy day fund even more so for parents, who must juggle the need to build up a nest egg for their children's future with the need to provide for the here and now.” What do you think? Are you a parent who’s struggling to save? Does it worry you? Is this just a sign of difficult economic times or are parents becoming more complacent about saving for the future? Are there any steps you think the government should take to help or encourage families to save? http://www.moneysupermarket.com/community/forums/t/new-banking-rules-39578.aspxTue, 10 Nov 2009 16:48:47 GMTd60303e3-0d44-49ad-b329-9875dfa2f932:168308aliceada1http://www.moneysupermarket.com/community/forums/t/new-banking-rules-39578.aspxhttp://www.moneysupermarket.com/community/forums/commentrss.aspx?SectionID=6&PostID=168308I hope the new banking rules cover ISA's as when moving an ISA from one provider to amother for a better rate you usually have 3 or 4 weeks when you get no interest at all.