Genie Posted October 3, 2022 Share Posted October 3, 2022 24 minutes ago, ender4 said: Is this Chase referral offer still a thing? I need to open a random bank account to try this switching malarky to the big offers, so might as well start with Chase as my starter account if they still offer £20 for opening it. They definitely ended it a few months back, I don’t think they re-started it. Even without the referral it’s a great account. Link to comment Share on other sites More sharing options...
tomav84 Posted October 3, 2022 VT Supporter Share Posted October 3, 2022 44 minutes ago, ender4 said: Is this Chase referral offer still a thing? I need to open a random bank account to try this switching malarky to the big offers, so might as well start with Chase as my starter account if they still offer £20 for opening it. no i dont think so - wasn't around long. honestly the number of people i sent it to hoping to get £20 each time and not one bugger did it. they thought it was a scam or something! Link to comment Share on other sites More sharing options...
Genie Posted October 19, 2022 Share Posted October 19, 2022 Lloyds have launched a 5.25% monthly saver account, up to £400 a month. Quote Club Lloyds Monthly Saver It's only available to Club Lloyds current account holders who have not already opened one of these accounts in the last 12 months. You need to be aged 18 or over and a UK resident. Ideal if you want to save money every month and have instant access to it. The benefits Earn 5.25% gross/AER fixed interest. This is paid after 12 months. The interest rate is fixed so it won’t change during the term. You can withdraw your money when you like without charge. How it works Save £25 - £400 every month by one standing order. This needs to reach your account before the 25th of the month. You can top up your savings by bank transfer as long as you don’t exceed the £400 monthly limit. You can only have one Club Lloyds Monthly Saver in your sole name or held jointly. After 12 months you'll get your interest and the account will change to a Standard Saver. You can then open a new Club Lloyds Monthly Saver and save for another 12 months. Link to hotukdeals where I saw it. Apparently there is also a 4.5% account for up to £250 a month and you can have both at the same time. 1 Link to comment Share on other sites More sharing options...
ender4 Posted October 19, 2022 Share Posted October 19, 2022 Started the bank switch journey as recommended by Martin Lewis and a couple of people on VT. Opened Monzo. Recommended wife to open Monzo. £10 received (£5 each). Set up 2 charity direct debits. Started switch from Monzo to RBS for £175. Started switch from wife's Monzo to Nationwide for £200. Hope it all goes well. 1 Link to comment Share on other sites More sharing options...
Davkaus Posted October 19, 2022 Share Posted October 19, 2022 I've earned well over a grand doing that over the years. You're then locked out of doing it back to those banks for several years, but it's well worth doing One thing to be aware of is banks that are in the same corporate group will only honour a switching bonus once across their whole group, e.g., HSBC and first direct, so make sure you get the best offer out of them you can Link to comment Share on other sites More sharing options...
Xela Posted October 19, 2022 Share Posted October 19, 2022 20 minutes ago, ender4 said: Started the bank switch journey as recommended by Martin Lewis and a couple of people on VT. Opened Monzo. Recommended wife to open Monzo. £10 received (£5 each). Set up 2 charity direct debits. Started switch from Monzo to RBS for £175. Started switch from wife's Monzo to Nationwide for £200. Hope it all goes well. Doesn't it impact your credit standing? Banks will do a hard search on account opening usually, and multiple searches will/could negatively impact your ability to gain credit going forward in the short to medium term. Link to comment Share on other sites More sharing options...
Davkaus Posted October 19, 2022 Share Posted October 19, 2022 52 minutes ago, Xela said: Doesn't it impact your credit standing? Banks will do a hard search on account opening usually, and multiple searches will/could negatively impact your ability to gain credit going forward in the short to medium term. There's no single right answer to this, but the conventional wisdom is perhaps be cautious if you're planning a big application like a new mortgage over the next year. Realistically though, people know what's going on when you open a few current accounts, just don't take out overdrafts with them, and the impact is minimal. The best thing to do is so it starting with a new account as @ender4has, because the biggest impact would be losing your established current account dragging down your accounts' average age, rather than the searches. Link to comment Share on other sites More sharing options...
MellbergsBeard Posted December 4, 2022 Share Posted December 4, 2022 A very strange one I was made aware of today and signed up to to TikTok for, download TickTok and sign up through the below link and you earn 17£ worth of Amazon vouchers in 7 days. anyone that uses your referral gets £17 immediately so if anyone does sign up add your link below so some one else can gain an easy couple of pounds https://vm.tiktok.com/ZMFVqytsx/ Referral code - CF36000931 sorry if not allowed. Link to comment Share on other sites More sharing options...
Genie Posted December 4, 2022 Share Posted December 4, 2022 3 hours ago, MellbergsBeard said: A very strange one I was made aware of today and signed up to to TikTok for, download TickTok and sign up through the below link and you earn 17£ worth of Amazon vouchers in 7 days. anyone that uses your referral gets £17 immediately so if anyone does sign up add your link below so some one else can gain an easy couple of pounds https://vm.tiktok.com/ZMFVqytsx/ Referral code - CF36000931 sorry if not allowed. Sounds very dodgy Link to comment Share on other sites More sharing options...
MellbergsBeard Posted December 4, 2022 Share Posted December 4, 2022 (edited) 34 minutes ago, Genie said: Sounds very dodgy This is what I thought to be honest, but never had a TikTok before, Amazon sponsor TikToks book club. https://www.thebookseller.com/news/amazon-to-sponsor-tiktok-book-club Edited December 4, 2022 by MellbergsBeard 1 Link to comment Share on other sites More sharing options...
Lichfield Dean Posted February 3, 2023 VT Supporter Share Posted February 3, 2023 My stocks and shares ISA and my SiPP pension have both suddenly jumped in value after months, even years of wobbling around zero growth. Is this a blip or the start of a longer term financial recovery? Link to comment Share on other sites More sharing options...
ender4 Posted February 3, 2023 Share Posted February 3, 2023 23 minutes ago, Lichfield Dean said: My stocks and shares ISA and my SiPP pension have both suddenly jumped in value after months, even years of wobbling around zero growth. Is this a blip or the start of a longer term financial recovery? Because of interest rate increases around the word in the last 2 days. Not sure why that makes stock market go up though, in my head it should make it go down. 1 Link to comment Share on other sites More sharing options...
Davkaus Posted February 3, 2023 Share Posted February 3, 2023 Trying to understand the rationale behind day to day fluctuations of global indexes is a sure path to a descent into madness. 1 Link to comment Share on other sites More sharing options...
Xela Posted February 3, 2023 Share Posted February 3, 2023 1 hour ago, Lichfield Dean said: My stocks and shares ISA and my SiPP pension have both suddenly jumped in value after months, even years of wobbling around zero growth. Is this a blip or the start of a longer term financial recovery? Big companies like Shell and ExxonMobil are making huge profits and will be paying a juicy dividend - a lot of pensions/trackers are invested into these. The banks will start announcing their results this week and higher interest rates equals more money for banks and again, better dividends. Add to the fact we've been informed (in the UK at least) that the recession might not be as deep as initially feared and inflation may have peaked, that also adds to a bit of confidence in the market. Like you, my investments and pension has been as flat as a witches tit for 18 months, but they've both had a bit of a boost. Very welcome. 1 Link to comment Share on other sites More sharing options...
Xela Posted February 3, 2023 Share Posted February 3, 2023 This covers the UK angle anyway https://www.bbc.co.uk/news/business-64517179 Quote The FTSE 100 stock index has closed at a record high, lifted by investors betting that a weak pound will help UK firms abroad and that the worst of the cost of living crisis has passed. The index of the UK's biggest publicly listed companies gained more than 1%, to end the day at 7,901.8 points. That was the highest level in almost five years, passing the previous closing record set in May 2018. 1 Link to comment Share on other sites More sharing options...
MakemineVanilla Posted April 14, 2023 Share Posted April 14, 2023 Question: How do rich people or businesses with large cash deposits, protect themselves from the risk of loss, in the event of a run on the banks? Link to comment Share on other sites More sharing options...
Genie Posted October 10, 2023 Share Posted October 10, 2023 Nationwide have launched an 8% savings account, be quick if interested as it’s not expected to stay for long. Link to comment Share on other sites More sharing options...
Follyfoot Posted October 10, 2023 VT Supporter Share Posted October 10, 2023 (edited) On 14/04/2023 at 19:31, MakemineVanilla said: Question: How do rich people or businesses with large cash deposits, protect themselves from the risk of loss, in the event of a run on the banks? Government bonds (gilts) low return very very low risk. If the Government goes tits up its all over anyway Edited October 10, 2023 by Follyfoot 1 Link to comment Share on other sites More sharing options...
Genie Posted October 10, 2023 Share Posted October 10, 2023 On 14/04/2023 at 19:31, MakemineVanilla said: Question: How do rich people or businesses with large cash deposits, protect themselves from the risk of loss, in the event of a run on the banks? I was wondering the other day if you can get insurance for this sort of thing? Have £2m in the bank, bank goes bump, you only £80k or whatever it is back… insurance? Link to comment Share on other sites More sharing options...
ender4 Posted October 10, 2023 Share Posted October 10, 2023 8 minutes ago, Genie said: Nationwide have launched an 8% savings account, be quick if interested as it’s not expected to stay for long. Any strings attached? Link to comment Share on other sites More sharing options...
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