Savings & Investments

A question about : Monthly or Annual Interest

I have been thinking about sticking a few bob in the Nationwide Summer Bond and was wondering whether I should request monthly or annual interest. The figures are as follows

Annual AER/Gross pa = 6.00%, Net pa = 4.80%
Monthly AER = 5.96%, Gross pa = 5.80%, Net pa = 4.64%

Which of these are the important numbers and is there any difference in how much they would return at the end of a year.

Thanks for any help
Ivan

A question about : Loss of interest while moving money

Has anyone worked out what the increase in rate of interest needs to be to make it worth our while to swap savings accounts, bearing in mind there will be some loss of interest while moving the money? And how long will the money have to remain in the new account to make up the loss?

I worry that moving money from an account with, say, 4.75% interest, to one with 5% interest, may actually loose money short or even medium term, and make it not worth the hassle.

A question about : leeds shares[football]

i had a Ј1000. of leeds shares i'v been told they are now worthless, is there any chance that i will get any thing back in the near future, your coments will be welcome, john

A question about : Is it viable to use a childs account for saving???

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Hi all....Is it a viable option to use a childs account to save in?

Thus far following Martins advice I have transfered accounts, and opened up ISA's, so far giving me about Ј500 extra (in interest) per year.

But !!!!!! Looking at the figures, would it not be an idea to open an account in my childs name....and transfer all our money into it, and run it as a current account????
It pays much better interest than the best ISA's....But.....Would Gordon Brown be happy??

A question about : Moneysavingbargainhunter

Has anyone had a problem with Perform Group shares being delisted and you did not know anything about it until it was too late ?

Best answers:

• This Perform Group? Just out of interest what happened to those still holding when the offer closed a month later?

A question about : 5K to invest...

Hi everyone,

What can I do with 5K - with a mind to investing... My aim (typically ) is to gain the highest possible return. At the moment the money just sits in an 'instant access savings account'

Thanks in advance.

Nids.

A question about : Childrens Savings

Hi All

my little-un is now 1 year old and I'm looking at what to setup for him with regard to savings and investments - maybe something probably running until he is 18.

I looked at the best childrens savings (Abbey) and also thought about using mine or the wifes ISA entitlement.

I would appreciate any advice.

A question about : Help please. Ј15k to 'put away'

Help please...

I'll soon have Ј15k to 'invest' for at least 6 months but probably not 12!

I was tempted by the Cahhot deal but I note they only pay interest annually.

Any ideas?

Best answers:

• abbey postal isa (3k per person)
  you can still open a cahoot account. when you close it down they'll give you the interest owed. if you keep it open (even if empty) then they'll give you the interest at year end.
• i'll help u put it away :