Scottish Friendly are offering a £100 My Rewards card prize for the most creative and original money saving tip video in their #ThriftyFamily campaign.
All you have to do is upload your money saving tip video to your favourite video sharing website, e.g. YouTube, Vine or Instagram before 20 September 2014, and then share it using the #ThriftyFamily hashtag. The winner will be notified by 25 September 2014.
So get out your mobile phone and start filming. You can enter as many videos as you wish.
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Free Overseas Debit Card Use With N&P Gold Current Account – This N&P account offers free overseas debit card usage for transactions and cash withdrawals if you pay in at least £500 a month or maintain a minimum balance of £5,000. If you don’t meet one of these conditions, there’s a £5 a month account fee.
During every weekend in September there are free Doors Open Days in various regions in Scotland. Many of the venues aren’t always open to the public, so it’s a great opportunity to do something different.
I’d advise you to spend some time organising your day out as some venues are only open on one of the two days and/or require advance booking of a guided tour.
Below is a list of the participating Scottish regions by date.
Notice savings accounts are a half-way houses between instant access and fixed rate savings accounts. A notice account usually offers a higher rate of interest than an instant access account in exchange for a notice period to withdraw cash. I think this can be a good product if you don’t want to tie up your cash to get a higher rate of interest offered by a fixed rate account.
My concern with some notice savings accounts was that if the rate of interest is reduced your cash could be tied into the account at the new lower rate. However, the Paragon Bank 120 Notice Account states that “If we want to reduce your rate, we’ll give you 120 days notice of any changes”. The account currently (26 August 2014) pays a variable rate of 1.9%. That rate is looking competitive, given that the highest rate of interest I could find on a one year fixed rate bond with the Yorkshire Building Society was 2%. However you have to factor in that the 2% paid on the Yorkshire account is guaranteed. The highest rates on open-to-all instant access accounts are currently around 1.4%.
Some of the highest rates of interest on savings are available on regular savings accounts. Last year I opened a Norwich and Peterborough E-Regular Savings account which paid a fixed rate of 4% with a maximum deposit of £250 per month. I liked the fact that this account was open to all, as frequently you need to hold a current account with the institution to access their enhanced rate regular savings accounts.
I thought I’d open a new regular savings account with the Norwich and Peterborough (N&P) when that account matured. However, I read that you now need to have a current account with the N&P to be eligible.
The Nationwide Monthly Saver pays a variable rate of 2.5% on monthly deposits of £500 – £1,000. The upper limit is much more generous, but the rate of interest is lower, than on many regular savings accounts.
The Club Lloyds Monthly Saver looked alluring, It pays a fixed rate of 4% for the first 12 months. You can make a monthly single deposit of between £25 – £400 by standing order. plus you have instant access to your cash. The catch is that you must hold a Club Lloyds Current Account to apply for this monthly saver account.
There was an additional incentive to try Annuity Line, as my husband was told that if he recommended their services to a family member or friend who proceeded to purchase their annuity through Annuity Line, then both he and the referee would receive £75 worth of M&S vouchers.
You could earn £75 in M&S vouchers if you quote my client ref 138927 when you contact Annuity Line, either by phone 0800 652 1316 or by email info (at) annuityline.co.uk to get a free, no obligation quote and then go on to buy your annuity through them. This is subject to annuity purchase funds of £18,000+. I will also receive £75 in vouchers as a referrer.
I had a problem with my Cash ISA transfer with Santander and they had admitted error. During my dealings with Santander, I had claimed compensation for time/effort/upset caused by them, in addition to putting my financial losses right. Although Santander eventually paid for the financial losses they had caused me, I felt that they had been rather ‘light’ with the amount of compensation for my time/effort/upset.
Since I had already contacted Santander to complain and their eventual decision had been final, I was entitled to have my complaint considered by the UK Financial Ombudsman Service. This service is ‘free’ (it’s paid for by the UK’s financial services sector through a combination of statutory levies and case fees) and it’s independent, meaning it takes no sides. The Ombudsman’s office has experience in similar matters, which is good if, like me, you’re coming up against a big bank for the first time. Furthermore, you are not bound by its decision, meaning that if not satisfied, you can take your issue to court. On this basis, I proceeded to the Ombudsman with my complaint.
The Bank of Scotland Classic Current Account with Vantage pays 3% (variable) interest on balances between £3,000 – £5,000. The rate of interest drops to 2% on balances between £1,000 to £2,999 and 1.5% on balances under £1,000. There’s no interest paid on balances over £5,000.
The highest rate of interest I could find on an open to all instant access savings account was 1.35% on the Tesco Bank Internet Saver.
Legal Aid cuts were always going to put up certain barriers to justice; a fact which is clearly illustrated in one damning statistic: since Legal Aid was cut the use of mediation services in family law has dropped by a staggering 38%. The amount of people representing themselves in a court of law is rising, which in turn means people involved in family disputes are no longer being encouraged towards professional mediation.
The government introduced the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) in 2012. Amongst other amendments to varying areas of Law, it meant legal professionals no longer had a duty to inform clients of mediation services. This is despite mediation being one of the only places legal aid wasn’t dramatically cut. This effectively severed the link between lawyers and mediation despite the fact individuals need high quality advice to make informed decisions at mediation. Before this, lawyers were obliged to direct clients towards mediation services as part of the conditions for Legal Aid. The figures are striking: in 2012/13 there were 13,609 cases of mediation; in 2013/14 there were 8,400.
When our almost 15-year-old LEC fridge freezer finally packed in, at the worst possible time, we needed a replacement as soon as possible.
We had been away for a few days during warm weather and arrived home on a Thursday evening to discover the breakdown. I reckoned that we’d have to pay a premium for a weekend delivery on an item ordered on a Friday. However, I didn’t want to wait another two days for a fridge/freezer.
On the Friday morning, we spent quite a bit of time looking for a new fridge/freezer. There weren’t that many options for the 50/50 fridge/freezer split we wanted. We settled on the HotpointSTF187WP, priced at around £300.