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Legal, pensions and money

Holding on to what we have.

(14 Posts)
Annierose Sat 04-Feb-17 18:16:30

I decided that if I was getting a poor return, then at least my money would do some good - and I put a chunk in my local Credit Union - got 3% last year.

Coolgran65 Sat 04-Feb-17 18:06:05

Yesterday we had an appointment with our financial advisor. One year ago our FA on our behalf invested a sum via Aviva but it was not an Aviva product.

As insisted upon by us, it was a 'cautious fund'. In just less than one year our net gain has been 7%. Net meaning after the management and setting up fees for the fund have been deducted. There is no time limit and no penalty for encashment.
We have been with this FA for 11 years. Certainly we're not rich but want to make the most of what savings we have.
We are delighted with 7%.

Our day to day savings account might as well be in the kitchen drawer, but it is available for emergency and easy access.

Greyduster Sat 04-Feb-17 17:47:34

Last year DH closed one of our smaller BS accounts which had flatlined and used the money to buy some Brittanias, which are an ounce of pure gold. They have done quite well, apart from a dip at the time of the US inauguration. They are something for the long term. We've buried them in the garden and drawn a map! ?

Rinouchka Sat 04-Feb-17 16:59:44

We are also considering what to do. DH has just bought more premium bonds as, at least, he has had regular winnings in the past.....and hopes for more. He doesn't always tell me, however!

Charleygirl Sat 04-Feb-17 16:27:59

I won 3 x £25 this month and £25 last month so I am happy. Next month it will definitely be a million.

mumofmadboys Sat 04-Feb-17 16:24:59

I think premium bonds have a lot to offer.Safe. Get money back very quickly if you need it and you MAY win a prize or two.

grannypiper Sat 04-Feb-17 16:18:33

We looked everywhere for a decent return and found nothing and in the end decided ERNIE just may be nice to us to opted for Premium bonds so far no good but we live in hope

Charleygirl Sat 04-Feb-17 11:19:02

tanith I agree with you, it makes sense.

ninathenana Sat 04-Feb-17 11:04:23

We had a bond mature last year. The money is now sitting in a savings account doing nothing because I don't see the point of moving it for the sake of an extra 0.5% or so.

tanith Sat 04-Feb-17 09:42:37

I earn much more interest in my current account than my ISA was paying so I have used some of that money and put the full amount I can earn interest on in my current account, it makes sense to me.

Greyduster Sat 04-Feb-17 09:41:53

We have the same problem. DH will not have anything linked to the stock market as we have been scalded in the past with investments of that kind. Even long term bond rates are not fantastic.

Marmight Sat 04-Feb-17 09:41:40

I am about to sell my house, but will not be buying straight away so am looking for the best place to lodge the proceeds, short term, where they can earn the best return. Any ideas welcome! £££

Anya Sat 04-Feb-17 08:52:50

I agree. I'm looking for better places to put my savings too.

Luckylegs9 Sat 04-Feb-17 08:50:39

Renewing my ISA, the interest rate is so low that apart from keeping money under the bed, there is no place to get interest. I don't have enough income to open these bank accounts that pay good interest, so in effect I am watching the money drip away with inflation, which is quite scary.