interest rates which banks the best
26-12-2004, 11:14 PM
#1
interest rates which banks the best
just paid a few bills via tsb phonebank and so far
got 550 interest on 28k for 9 months
high interest account
i know the rates are shit but fook ..on 28k thats
could have bought a shell burnt out house
for that money and done it up
got 550 interest on 28k for 9 months
high interest accounti know the rates are shit but fook ..on 28k thats
could have bought a shell burnt out house
for that money and done it up
27-12-2004, 05:59 AM
#4
PassionFord Post Whore!!
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Shove 3k in a Cash ISA you wont pay tax on it, can chuck a further 3k in in April. Dunno if your married or with partner etc but if so thats £12k taken care of! Accesable when ever you need it. Everyone should have an ISA for savings!!!
Deals vary so be sure to see who has the best deal on offer!
ON the remainder remember to check whether interest is paid monthly or yearly.....suppose it all depends how long you are prepaired to tie your cash up for if at all as to whats best for you!
As a general rule of thumb an IFA will recomend that you have 3times your monthly expenditure within easy access, the remainder all depends on your future asperations.
HTH
Deals vary so be sure to see who has the best deal on offer!
ON the remainder remember to check whether interest is paid monthly or yearly.....suppose it all depends how long you are prepaired to tie your cash up for if at all as to whats best for you!
As a general rule of thumb an IFA will recomend that you have 3times your monthly expenditure within easy access, the remainder all depends on your future asperations.
HTH
27-12-2004, 06:32 AM
#5
how many ISA's are you allowed?
i have two that are maxxed out but looking for something else to chuck me money into
fella at work keeps telling me about BONDS you dont lose your money and stand a chance of winning if your numbers come in, bit like the lottery.
anyone else klnow about these? worth doing?
i have two that are maxxed out but looking for something else to chuck me money into
fella at work keeps telling me about BONDS you dont lose your money and stand a chance of winning if your numbers come in, bit like the lottery.
anyone else klnow about these? worth doing?
27-12-2004, 08:47 AM
#6
PassionFord Post Whore!!
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ISA's are made up of different components;
Maxi ISA(Managed Funds, Stocks&Shares) £7k each financial tax year.
or
Mini ISA's 3 different options
Mini Cash £3keach each financial Tax year
Insurance ISA (to be discontinued 2005) £1k each financial Tax year
Stocks & Shares (Manages Funds, Fixed Interest Funds etc) £3k
as the insurance element is being dropped in 2005 £4k can be invested in a mini Stocks & SHares ISA.
****Note If you hold a partialy funded Maxi ISA in any given tax year, you are not entitled to a mini ISA*****
HTH
Maxi ISA(Managed Funds, Stocks&Shares) £7k each financial tax year.
or
Mini ISA's 3 different options
Mini Cash £3keach each financial Tax year
Insurance ISA (to be discontinued 2005) £1k each financial Tax year
Stocks & Shares (Manages Funds, Fixed Interest Funds etc) £3k
as the insurance element is being dropped in 2005 £4k can be invested in a mini Stocks & SHares ISA.
****Note If you hold a partialy funded Maxi ISA in any given tax year, you are not entitled to a mini ISA*****
HTH
27-12-2004, 09:24 AM
#7
PassionFord Post Troll
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Yep Premium Bonds are what he is on about. You get the forms from the Post Office. You can have up to 20,000pounds at last count. They have a draw once a month with the maximum prize of 1million pounds. Prizes right down to 50pounds. I had 500pounds worth of the bonds and won a couple of 50's.
You can cash them in anytime and get them back so not bad at all.
You can cash them in anytime and get them back so not bad at all.
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27-12-2004, 10:48 AM
#9
Too many posts.. I need a life!!
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Originally Posted by saff_cossie
Yep Premium Bonds are what he is on about. You get the forms from the Post Office. You can have up to 20,000pounds at last count. They have a draw once a month with the maximum prize of 1million pounds. Prizes right down to 50pounds. I had 500pounds worth of the bonds and won a couple of 50's.
You can cash them in anytime and get them back so not bad at all.
You can cash them in anytime and get them back so not bad at all.
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