Their combined current value is now only £49,000 and decreasing.
Should we pull out what is left and reinvest elsewhere or sit it out until the five-year term is up? M.B., Folkstone, Kent
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: You are right to review your investments and […]
Despite the ongoing stock market bedlam embattled investors appear be taking a more aggressive approach to investing in the next tax year.
Given that the Bank of England has continually been hacking away at the bank rate since last October, the sentiment should arrive with minimal surprise.
With interest rates now standing at a […]
Writing in the Daily Mail, Deputy Governor Charlie Bean says the Bank will ‘easily’ be able to prevent a new bout of runaway price rises by reselling the assets it plans to buy with the fresh cash.
‘As the economy recovers, so we will probably need to remove some of the extra money in order […]
HSBC has launched a pioneering ethical investment Isa which offers Brits the opportunity to make money and at the same time help vaccinate children and save lives in the poorest countries of the world.
The bank is looking to raise at least £50m through its Vaccine Investment Plan and Vaccine Investment Isa. […]
Professor William Perraudin is chair of Finance at Imperial College Business School .
What is it with macroeconomists? You think you understand how the economy works and then they come up with some subtle new monetary operation called ‘quantitative easing’.
With interest rates rapidly approaching zero, central banks in many countries right now face […]
The Bank of England is expected to announce today that it is ready to embark on a programme of ‘ quantitative easing’.
A letter from Chancellor Alistair Darling, giving permission to the Bank to go ahead with the move, is likely to be published this morning.
The Bank’s monetary policy committee, which sets interest rates, decided […]
A staggering £2.3bn was pulled from bank deposit accounts in January, and a further £390m was withdrawn from building societies as the rates on savings plunged to an alltime low.
Meanwhile, a record £1bn was ploughed into corporate bond funds in the same month.
These are effectively IOUs issued by companies on which they pay interest.
But […]
Industry figures showed deposits at High Street banks fell by £2.3bn in January, the first significant drop since 1999 and the largest since British Bankers’ Association records began in 1997.
It came as customers shifted money to more attractive investments after banks cut interest payments in line with the Bank of England, which has reduced […]
Savers and investors can claim tax allowances, refunds and concessions that boost their income and enhance savings - the very wealthiest investors can get back more than £250,000 in tax each year, for example.
More modest savers can grab a slice of these generous tax concessions if they act within the next six weeks before the […]
Am I safe to put it into an investment bond or should I just look for a bank account giving the best rate at the moment? E.T., Barnsley, South Yorkshire
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: An investment bond is not […]
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