New Posts For Thread: I have NO knowledge of financials/savings... Please help..https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-helpRight ill get straight to it... as you know i aint got a clue about saving rates weather they are about to go up or down etc, im 26 and to my name i have £3,000 (in my bank isa which is returning me a whooping 50p a month interest) and £4,300 in my£100 a year interest....wow petrol rises will eat that up over next year...https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914634#430914634£100 a year interest....wow petrol rises will eat that up over next year...Sun, 02 May 2010 15:46:28 -0500...until the next imminent financial slump and you watch your savings being obliterated :^0I'd stick to cash personally, variable rate if possible because interest rates are likely to risehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914630#430914630...until the next imminent financial slump and you watch your savings being obliterated :^0I'd stick to cash personally, variable rate if possible because interest rates are likely to riseSat, 01 May 2010 12:58:22 -0500Shab -I got reading this: http://www.fool.co.uk/Investing/guides/How-When-And-Where-To-Invest.aspxBy reading that surley it would make sense investing it into BP or Vodaphone (or can i invest in any big firms?), i dont plan on touching this money forhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914626#430914626Shab -I got reading this: http://www.fool.co.uk/Investing/guides/How-When-And-Where-To-Invest.aspxBy reading that surley it would make sense investing it into BP or Vodaphone (or can i invest in any big firms?), i dont plan on touching this money forSat, 01 May 2010 10:58:48 -0500buy a small field or piece of woodlandhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914622#430914622buy a small field or piece of woodlandWed, 28 Apr 2010 20:16:28 -0500You didn't draw the money out of the old ISA and put it in the new one did you?You should have transferred it from ISA to ISA using a transfer form (ie, you don't touch the cash, the old bank talks direct to the new one).A phone call won't help.Howevhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914618#430914618You didn't draw the money out of the old ISA and put it in the new one did you?You should have transferred it from ISA to ISA using a transfer form (ie, you don't touch the cash, the old bank talks direct to the new one).A phone call won't help.HowevWed, 28 Apr 2010 17:16:51 -0500Thanks for the replies.I opened a HSBC eISA online, when i opened it i transfered my funds from my HSBC cash ISA but now it wont let me go over my £5,100 limit ??? it says that it allows ISA transfers.. so i gather my previous ISA funds dont count thttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=430914614#430914614Thanks for the replies.I opened a HSBC eISA online, when i opened it i transfered my funds from my HSBC cash ISA but now it wont let me go over my £5,100 limit ??? it says that it allows ISA transfers.. so i gather my previous ISA funds dont count tWed, 28 Apr 2010 16:39:26 -0500Withdraw it all and invest it in the stock market...on quality FTSE 100 stock.I am being serious. If you have no need for the money for 5 years or so you will be amazed by the returns you will get in comparison to the pathetic savings rates we are behttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=426046494#426046494Withdraw it all and invest it in the stock market...on quality FTSE 100 stock.I am being serious. If you have no need for the money for 5 years or so you will be amazed by the returns you will get in comparison to the pathetic savings rates we are beSun, 28 Mar 2010 15:15:52 -0500Get it out of pounds, anything else silver, gold, swiss francs, asian currencies, but NOT pounds.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=426046490#426046490Get it out of pounds, anything else silver, gold, swiss francs, asian currencies, but NOT pounds.Sat, 27 Mar 2010 06:16:25 -0500Wait a few weeks until the tax year and open a new cash Isa with the £4,300.Then transfer the £3000 into this account.You will then be able to top up this account with a futher £800 max.The best intrest rates for ISAs allowing transfers will be abhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=426046486#426046486Wait a few weeks until the tax year and open a new cash Isa with the £4,300.Then transfer the £3000 into this account.You will then be able to top up this account with a futher £800 max.The best intrest rates for ISAs allowing transfers will be abFri, 26 Mar 2010 14:55:25 -0500Right ill get straight to it... as you know i aint got a clue about saving rates weather they are about to go up or down etc, im 26 and to my name i have £3,000 (in my bank isa which is returning me a whooping 50p a month interest) and £4,300 in myhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729446/i-have-no-knowledge-of-financialssavings-please-help?post_id=426046482#426046482Right ill get straight to it... as you know i aint got a clue about saving rates weather they are about to go up or down etc, im 26 and to my name i have £3,000 (in my bank isa which is returning me a whooping 50p a month interest) and £4,300 in myFri, 26 Mar 2010 13:57:17 -0500