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Savings and Investments thread
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Kent Reliance put up their Easy Access rate to 3.25% from 24th Feb. Shame the 1 year and 2 year bonds are stuck at 4% ish.0
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But of course, I forgot that the relationship between the purveyors of Granny Bonds and fintech is always a bit flaky. How best to send them a largeish sum of wedge? A guy on MSE said the best way to transfer in the money is to first send it to your Direct Saver by debit card. Great, I have a Direct Saver so I set about it. On Tuesday. Today after my 4th attempt to buy the bond failed because on the payment it showed I didn't have the funds in my Direct Saver, whereas on the account page it says I do, I lost patience. Tried their chat. Got a bot. Called their customer service line. Another bot. Humoured the thing for a few attempts but ended up bellowing "put me through to a customer representative" and on the 3rd time it did. Only to hear that I might have to wait 30mins. Tried their Twitter -odd how many big companies are nowadays most responsive on their Twitter. And the answer?PragueAddick said:
Very good. In the last few weeks the only places that match that are no-name foreign banks on Raisin which I really don't fancy,and 1 year rates generally seem to have been slightly easing since December when I managed to get 4.36% from Investec. Who needs short gilts and Treasuries (with platform fees to pay) when you can get much the same from NS&I ?Rob7Lee said:For those who like the bigger names/security. NS&I have a one year bond paying 4%, minimum £500 but capped at a miserly £1m
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"The 'available balance' for transfers will not update until the debit card deposits on your account have cleared. As previously advised, this will clear no later than the seventh banking day."
I often transfer funds to H-L by debit card. They need max one working day.0 -
That whole thing about current accounts dragging their feet about paying interest when interest rates are on the rise tells you everything you need to know about retail banking.
On another slightly hypocritical note given what I think of investment bankers I've opened a few funds to try and make up for the shellacking my employers gave my own pension a few years ago and seeing as any other way of ensuring a pension fund with my means is restricted to bank robbery or something else massively fraudulent
I've got a few funds now with HL and I've done a small amount into two funds of my own in particular one is the c*nt list, this is a batch of companies that test on animals, willfully pollute, gave at best questionable health and safety records, are anti-union, rip off the end user or are into selling arms to places like Saudi Arabia, China, Iran at al. The other is purely ethical businesses who are into sustainable projects, water solutions, organic farming, sustainable growth.
Most of you who have forgotten more than I'm ever going to know about this sort of thing will probably guess where this is going. The c*nt list was massively out-performing the good list until the turn of the year when the sustainable and responsible stuff picked up and is now out-perfomring the c*nt list3 -
On retail banking, we are quite literally decades ahead of the USA. So backward.1
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revolut has been a revelation over there.Huskaris said:On retail banking, we are quite literally decades ahead of the USA. So backward.2 -
dollar back on a run now. Probably won't reach the heights it did a few months ago but might be worth buying dollars for a short term play.0
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what will probably happen with dxy.0 -
Presumably existing account holders only, as it's not showing on their site.RaplhMilne said:Kent Reliance put up their Easy Access rate to 3.25% from 24th Feb. Shame the 1 year and 2 year bonds are stuck at 4% ish.0 -
Markets turning tail this afternoon after worse than expected inflation numbers from the US. The Fed night have to raise rates higher than expected, or at the very least, keep them higher longer.0
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Actually I didn't guess this bit at all. I assumed your post stopped before that second part of the sentence. Quite surprised, actually, I hadn't noticed this - that may be because my C*nt list stuff is hidden within broad scope funds like Fundsmith Equity and I pretend I don't know they are thereCarter said:That whole thing about current accounts dragging their feet about paying interest when interest rates are on the rise tells you everything you need to know about retail banking.
On another slightly hypocritical note given what I think of investment bankers I've opened a few funds to try and make up for the shellacking my employers gave my own pension a few years ago and seeing as any other way of ensuring a pension fund with my means is restricted to bank robbery or something else massively fraudulent
I've got a few funds now with HL and I've done a small amount into two funds of my own in particular one is the c*nt list, this is a batch of companies that test on animals, willfully pollute, gave at best questionable health and safety records, are anti-union, rip off the end user or are into selling arms to places like Saudi Arabia, China, Iran at al. The other is purely ethical businesses who are into sustainable projects, water solutions, organic farming, sustainable growth.
Most of you who have forgotten more than I'm ever going to know about this sort of thing will probably guess where this is going. The c*nt list was massively out-performing the good list until the turn of the year when the sustainable and responsible stuff picked up and is now out-perfomring the c*nt list
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What a surprise. We all expected markets generally to continue struggling in late 2022 and the first half of 2023.golfaddick said:Markets turning tail this afternoon after worse than expected inflation numbers from the US. The Fed night have to raise rates higher than expected, or at the very least, keep them higher longer.
Unexpectedly they started rising in October and after 3/4 months of increases, I decided the markets weren't going to fall drastically as commentators suggested interest rates had either peaked or were close to peaking.
So I did our S&S ISAs at the end of January, which was the signal for commentators to suggest rates will likely rise further and the markets turned.0 -
In future can you let us know when you are about to invest & we can all sellCovered End said:
What a surprise. We all expected markets generally to continue struggling in late 2022 and the first half of 2023.golfaddick said:Markets turning tail this afternoon after worse than expected inflation numbers from the US. The Fed night have to raise rates higher than expected, or at the very least, keep them higher longer.
Unexpectedly they started rising in October and after 3/4 months of increases, I decided the markets weren't going to fall drastically as commentators suggested interest rates had either peaked or were close to peaking.
So I did our S&S ISAs at the end of January, which was the signal for commentators to suggest rates will likely rise further and the markets turned.
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I’ll have to start using you as my markets indicator @Covered End, the way I used to use @guinnessaddick as my Grand National one. The horse he backed always used to fall at the first fence! 😉Covered End said:
What a surprise. We all expected markets generally to continue struggling in late 2022 and the first half of 2023.golfaddick said:Markets turning tail this afternoon after worse than expected inflation numbers from the US. The Fed night have to raise rates higher than expected, or at the very least, keep them higher longer.
Unexpectedly they started rising in October and after 3/4 months of increases, I decided the markets weren't going to fall drastically as commentators suggested interest rates had either peaked or were close to peaking.
So I did our S&S ISAs at the end of January, which was the signal for commentators to suggest rates will likely rise further and the markets turned.1 -
Premium bonds tomorrow, the two £1m winners were from Oxfordshire and Nottinghamshire so not me, again
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And more rewardingly, today us mug punters who have retreated into cash deposits can check the interest we earned last month. I see I have some dividend payments last month too.Rob7Lee said:Premium bonds tomorrow, the two £1m winners were from Oxfordshire and Nottinghamshire so not me, again0 -
Cash is king (when you're as old and as risk averse as me!).PragueAddick said:
And more rewardingly, today us mug punters who have retreated into cash deposits can check the interest we earned last month. I see I have some dividend payments last month too.Rob7Lee said:Premium bonds tomorrow, the two £1m winners were from Oxfordshire and Nottinghamshire so not me, again
I'm done with all this investment malarky (apart from Cheltenham!!).3 -
1 @ £100 & 1 @ £25 for me this month.0
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Nothing for me, or either daughter this month. However the jammy Mrs R7L got £550, 1x £500 and 2x £254
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I think a fair few of you use Revolut. If so I'd urge you to try and read this FT article (and the comments below it)
Revolut’s auditor warns 2021 revenues ‘may be materially misstated’
There's probably no need for immediate alarm if you just use it for transfers and short term travel abroad, however Revolut expects to receive a UK banking licence soon (to the incredulity of some obviously savvy FT readers) and that's worth treating with caution.1 -
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I heard a rumour near the tail end of last year there was going to be the book thrown at revolut over something. Pretty sure this is it.PragueAddick said:I think a fair few of you use Revolut. If so I'd urge you to try and read this FT article (and the comments below it)
Revolut’s auditor warns 2021 revenues ‘may be materially misstated’
There's probably no need for immediate alarm if you just use it for transfers and short term travel abroad, however Revolut expects to receive a UK banking licence soon (to the incredulity of some obviously savvy FT readers) and that's worth treating with caution.1 -
FYI at the moment revolut offer banking through partners who *do* have banking licenses (so are already compliant). Getting a banking license would obviously put their destiny in their own hands, but above that I don’t think the consumer will see much change.0
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£100 for me, £100 (50,25x2) for jnr and £25 for Mrs Chaz.0
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£175 for me. 1x£100, 1x£50 & 1x£25.
But that was after £0 last month.0 -
2 x £25 for me this month. A 0.1% return on investment...0
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£1325 for me💪💪 at this rate every month I’ll be able to buy the club8
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I think that's the biggest single month win recorded on this threadcazo said:£1325 for me💪💪 at this rate every month I’ll be able to buy the club1 -
Is this premium bonds money? How many have people taken out? Also what’s this game where everyone shouts out numbers in the 7000s 😂1
