Best savings account?

mattyfez said:
There's no reason not to put it into a cash isa with such a tiny difference in interest rate.
Click to expand...
Yes, I did some man maths, back of a fag packet calculations for her that £5k in each would be about £240 in the ISA after a year and £250 in the Chase account but take away the tax on the Chase would drop it down to about £200 so better off in the ISA. She's not responded in detail but I suspect she is conflating "ISA" with Stocks and Shares and terrified that she will lose her money. I offered to pop round and go through it with her but she's being stubborn.
 
bingham67 said:
Ive already got Cash ISA and money in Chip account gaining interest but I wanted to try a Stocks ISA on the Trading 212.

I want to invest £2,000 for now and see how we go.

Is the best two to go for

Vanguard All world and developed Europe?
Click to expand...
Depends how you think the markets will go.
SP500 is still highest of the combined ones
Developmed Eu is all eggs in one basket
All world is 60% of the sp500 so exposed to most of the same markets and other country ones and is rebalanced every 3 months to try to track the highest earners.
Personally all world is the best bet unless you think the US will just keep trucking, if you just want to set and forget and drip feed money in and not think about anything (which is what I imagine most people should do) I'm not educated enough in stocks so just sticking to all world is best in my head.
Least it keeps you exposed to many of the other world areas
 
Last edited:
bingham67 said:
Ive already got Cash ISA and money in Chip account gaining interest but I wanted to try a Stocks ISA on the Trading 212.

I want to invest £2,000 for now and see how we go.

Is the best two to go for

Vanguard All world and developed Europe?
Click to expand...

That's what I've done... VWRP and VEUA.. Split 60/40 Working out quite nicely.

VEUA is the top 500 odd European companies, so it's a little bit like S&P500 but for Europe and UK rather than USA.

I'm up 7.6% in 4 months.

There's a little bit of duplication /crossover with this combination, but it's very small if you look at it in detail.

By chance /luck I bought in a slight dip though so that gave me a helping hand.

I chose those funds as I wanted a bit more exposure to Europe than the all world fund offers.

But as always... It's a bit of a gamble...
 
Gredawarha said:
Yes, I did some man maths, back of a fag packet calculations for her that £5k in each would be about £240 in the ISA after a year and £250 in the Chase account but take away the tax on the Chase would drop it down to about £200 so better off in the ISA. She's not responded in detail but I suspect she is conflating "ISA" with Stocks and Shares and terrified that she will lose her money. I offered to pop round and go through it with her but she's being stubborn.
Click to expand...
Why would she pay tax on the Chase savings account?

She should have either a £500 tax free savings intrest allowance if she's a higher earner or £1000 if she's not.
 
ljt said:
Why would she pay tax on the Chase savings account?

She should have either a £500 tax free savings intrest allowance if she's a higher earner or £1000 if she's not.
Click to expand...

Maybe she has other savings generating interest, or other tax complications, who knows... but with the rates being so close, Just bang it into an ISA.
 
Last edited:
mattyfez said:
Maybe she has other savings generating interest, or other tax complications, who knows... but with the rates being so close, Just bang it into an ISA.
Click to expand...
Yes, she has implied that she has some other money saved elsewhere but she has not divulged where or how much so I am not fully informed. I offered to pop round and help her out in person but she's told me not to bother. I'm not sure if it is a generational thing or just her but she's always been a bit guarded when it comes to money and politics. I can remember when I was little and neither of my parents would tell each other or us kids who they voted for. I've told her what I can and will see if she comes back to me.

Thank you all.
 
We're getting to the age where we should probably stop ******* around and buy a house.

Just looking at putting some money away every month, probably a grand or so, where would you recommend we do it? Neither of us has maxed out any ISAs, in fact we only have S&S ISAs and those are hilariously underused.

Lump it all on red? Buy some TRUMP coin?

Whatcha fink GD?

Cheers!
 
Diddums said:
We're getting to the age where we should probably stop ******* around and buy a house.

Just looking at putting some money away every month, probably a grand or so, where would you recommend we do it? Neither of us has maxed out any ISAs, in fact we only have S&S ISAs and those are hilariously underused.

Lump it all on red? Buy some TRUMP coin?

Whatcha fink GD?

Cheers!
Click to expand...


Depends on your circumstances

are you maxing this years isa allowance? can you get a good deal on interest rates? are you a higher tax rate payer ?

i would say if you havnt already, max ISA allowances, then look at saving in to a high interest savings account although it depends on how mcuh you can save without being taxed



I have been quite brutal with saving throughout the past 3-4 years
 
Last edited:
Diddums said:
We're getting to the age where we should probably stop ******* around and buy a house.

Just looking at putting some money away every month, probably a grand or so, where would you recommend we do it? Neither of us has maxed out any ISAs, in fact we only have S&S ISAs and those are hilariously underused.

Lump it all on red? Buy some TRUMP coin?

Whatcha fink GD?

Cheers!
Click to expand...
Your timeframe for buying the house will determine what you do with the cash.
 
DJMK4 said:
One? im pretty sure there will be more than one

they seem to cut rates every 3-4 weeks
Click to expand...
They dont have meetings every 3-4 weeks. Rates rose rapidly and are now falling slowly.

If you want certainty you have to fix your rate and not keep chasing variables.
 
Last edited:
200sols said:
They dont have meetings every 3-4 weeks. Rates rose rapidly and are now falling slowly.

If you want certainty you have to fix your rate and not keep chasing variables.
Click to expand...


The fixed rate didnt really appeal to me, although may do in a few months
My ISA is still with trading212


By the way, did anyone have a glitch with the trading212 graph beginning of this month ?

I have not withdrawn anything from my ISA in a good 3- to 4 months, however beginning of this month (2nd) there seems to be a glitch in the graph, i did not withdraw anything, but the graph dipped sharply then went back up, on the day that the interest was paid ? why is this ? i dont see this in any other month ?


Anyone with a trading212 cash isa, can you check your graph, did you have anything similar ? Is this is app / graph glitch ? i have checked the interest and it was paid, there was no "dip" in my real balance, why does it show this?

Capture1111.jpg
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom