Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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Looking to save some money over a couple of years.
Does anyone know of any better deals that this:
http://uk.virginmoney.com/savings/find/virgin_fixed_rate_cash_e_isa_issue_131/overview/
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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depends how long a couple of years is and how much*
*Not asking you to say
But small amounts will yield little benefits - If long term invest with Stocks and Shares - seen a good return over the last 4 years but they do go up and down
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luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
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Santander 123 account pays 3% on balances up to £20k, but you have to use it as your current account. I get £15-20 cashback per month from it as well.
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luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
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Much more worthwhile generally to pay down debt though
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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All mine is in Hargreaves Lansdown. But a stocks and shares ISA. Can loose alot but can also gain alot too.
we the FTSE 100 crashed my father in law lost alot!
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spencer88
Member
Registered: 6th Oct 08
Location: cornwall
User status: Offline
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First question is, do you have any debt? Any at all or finance?
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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ISA's are a waste of space because the limits are so low and to get even a reasonable return on a savings account it will be one that wont let you withdraw which is a pain if you are the sort of person that will take cash out to do a bit of wheeling and dealing so to speak.
I've got a Halifax savers account that supposed to be 'a good one' that returns 0.5% (really? that's good?), it lets me make a limited number of withdrawals in a year and it returned me a poxy £230 over the last year.
I have an ISA to that maxed out (just over £6k or something IIRC?) returned something gay like £130 over a year.
Hopefully the base rate will sort its life out over the next couple of years!
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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You do know you can put 15k into an ISA DaveyLC
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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Last time I did an ISA (2013-14) the limit was pitiful 
What's the return on £15k?
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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Just checked my bank.. 0.8% on a flexible one or 1.6%, 2.0% and 2.15% on a fixed.
So about £240 in the first year? Yippy fucking doodah.
[Edited on 03-09-2015 by DaveyLC]
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Cavey
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Registered: 11th Nov 02
Location: Derby
User status: Offline
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I'm paying into a shareware scheme at work, in 3 years, I'll be buying shares at 360 when I believe they'll be around 500 a share, so will probably make more on that than a saving scheme (although worst scenario I'll just get my money back) Was oversubscribed so we can only do 20 a week at maximum though, so 3k worth
Anything similar you'd be able to get into
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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quote:
Originally posted by VrsTurbo
All mine is in Hargreaves Lansdown. But a stocks and shares ISA. Can loose alot but can also gain alot too.
we the FTSE 100 crashed my father in law lost alot!
Yes but it had recovered after a few months and is double what it was then. I have money in axa framlington biotech through Hargreaves Lansdown which has made 240% in 3 years
http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/a/axa-framlington-biotech-class-z-accumulation/charts
also some in Neptune UK Mid cap which has returned 160% in 4 years.
http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/n/neptune-uk-mid-cap-class-c-accumulation/charts
Look about July 2011 for the stock market crash and see what it has done since then. A crash is a great time to invest. Just like now, prices are low and historically rise like fuck.
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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Im just talking about the FTSE 100 issue a couple of weeks back when it dropped a nice chuck due to china.
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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quote:
Originally posted by Cavey
I'm paying into a shareware scheme at work, in 3 years, I'll be buying shares at 360 when I believe they'll be around 500 a share, so will probably make more on that than a saving scheme (although worst scenario I'll just get my money back) Was oversubscribed so we can only do 20 a week at maximum though, so 3k worth
Anything similar you'd be able to get into
Got 6 more months of my 5 year sharesave. "Bought" at 314p, they peaked at £9 but they're now mid 200  Such a shame.
Lotus Elise 111R
Impreza WRX STi
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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Santander 123 is as decent enough for stuff up to £20k from when I did my research, or buy a Corsa C TDI as they're going up in value.
Lotus Elise 111R
Impreza WRX STi
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jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Is the santander 3% per month? If so thats quite impressive!
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jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Just been reading into it. I could get £200 cashback (i presume a month)
That is crazy! Am i reading that wrong?!
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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I don't really know much about stocks and shares.
I'm the kind of person to play it safe!
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luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
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quote:
Originally posted by jacko198
Is the santander 3% per month? If so thats quite impressive!
Its 3% a year. 3% a month would be very impressive
quote:
Originally posted by jacko198
Just been reading into it. I could get £200 cashback (i presume a month)
That is crazy! Am i reading that wrong?!
Yes, you're reading that wrong. Don't know what you put in the calculator but that's a reasonable yearly figure
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