Where can I put my money that won't make me angry?

I was just having a look at premium bonds as well...

Another exciting Monday night.

@Machine is bored "A feeling of righteousness (just or otherwise) is one of the positive by-products of our hobby, isn't it?"
are you man enough to be our shepherd........
http://www.webspawner.com/users/ezekielpulp/

Fuck off with bollox Jason .. it is a bit old .. but this is some religious bullshit that is best left behind like the notion that the Earth is flat.

The problem is that according to the passage is that God wil strike down any mofo that delivers a different message than intended.

The problem being is that, that God is supposed to be all powerful .. why not stop this shit in the first place .. oh wait ... he can't influence choice through his own choice not to influence your will .. which is a convenient work around (as know to software devs).

Sounds like massive contradictory bollox to me ...

I don't seem to be getting any clear links from Sin funds...are they linked to the tobacco industry?

There is a Heineken can in one link so something might be amiss straight away.

Seriously why don't you invest in cooperative company if you are worried about ethical values?

I believe in cooperative businesses ... or the model at least.

All of this is interesting, but none of it is actually that helpful. I don't have money to be investing in things in a way that stock market folk would want. Nor am I that interested in that, it seems like it would eat up more time and interest than I'm willing to give it.

I'm more interested in saving options. I already have a savings account, but I'm interested in what an ISA is and whether it would be a good idea to transfer my savings over to it.
I've tried googling, haven't had that much luck.

And fwiw, i don't think you need to say anything to me about co-operatives.

My nan was talking to me about "Champion ISA" at the nationwide.

This is still a building society, they give you a higher level of interest than a regular isa ... but there are rules.

If I remember correcly you have two or three withdrawls a year and you have to notify them well before hand.

that would be ok, in some ways what I really want to do is put the money somewhere and then forget about it. Thanks, I'll look into Nationwide

I certainly be given a long lecture about it by my grandmother ... bless her :D.

Sin items: Alcohol, Tabacco, Gambling, sometimes includes Arms & Weapons

There is an ethical question attached to these stocks/funds but if you can live with it then it is an option.

if you aren't paying much tax i wouldn't bother as the returns are so low at the moment.
i pulled all my isas/savings as i thought i was about to buy a flat and i haven't bothered to put it back. premium bonds are a good idea, have done o.k. with them but some people never win anything.
when the banking crisis hit i had an isa that was growing by £18-£20 a month drop down to £1.40

Sin items: Alcohol, Tabacco, Gambling, sometimes includes Arms & Weapons

There is an ethical question attached to these stocks/funds but if you can live with it then it is an option.

Fuck off ... just fuck off. Why don't you go and fuck off.

I expect you made this post using a computer of some kind, which is usually made by the chinese who have no respect for human rights ,.. than throw away your computer. If you are posting from iPhone the motherboards are made by foxconn which are known to terrorise their employees to suicide.

So don't lecture use about rights and stuff.

With this attitude the best thing would be investing in old Campagnolo parts.

What I do.

With this attitude the best thing would be investing in old Campagnolo parts.

Depends whether you are italian by birth

My grandad was.

Mine was from shepard's bush ... and there were Champion ISA then? I believe there was WWII in the way.

This made me Half London .. Half Dorset ... I regret it all my life.

My grandad chose the wrong side of the iron curtain.

killer ... I was going to go on that me and my father know how to say English words prperly but EEI killed that shit.

A building society is what you are describing. only a few left but they are still out there.

Lot's of Credit Unions here in Ireland...

Ok, so I'm reviving an old thread because my bank keeps recommending ISA's to me. Do I want one? Is it different from a savings account?
I am balancing a fine financial rope at them moment where I am still automatically putting a small amount of money (£15 per week) into my savings account even though I am heavily into my overdraft.

Is transferring the bulk of that money (a couple hundred pounds) into an ISA a good idea?

I'm in exactly the same situation and pondering what to do... i'm with Lloyds and they keep thrusting new savings accounts at me all the time. I save regularly but I have no idea which is the best and I'm well into my overdraft too... :s

Also, I feel like I should be banking with someone more ethical or at least transparent. The Co-op? But can't close this account with the overdraft. Someone suggested getting an overdraft with new bank and using it to pay off the other. Seems a bit silly?

All of this is interesting, but none of it is actually that helpful. I don't have money to be investing in things in a way that stock market folk would want. Nor am I that interested in that, it seems like it would eat up more time and interest than I'm willing to give it.

I'm more interested in saving options. I already have a savings account, but I'm interested in what an ISA is and whether it would be a good idea to transfer my savings over to it.
I've tried googling, haven't had that much luck.

And fwiw, i don't think you need to say anything to me about co-operatives.

Open an account with iWeb - http://www.iweb-sharedealing.co.uk/share-dealing-home.asp

get a Stocks and Shares ISA, research some ethical companies - http://www.eiris.org/ - http://www.yourethicalmoney.org/ - http://www.halifaxmarketwatch.co.uk/fund_screener.cgi

buy small half a pence shares - as long as you think you won't exceed 7K in a year, you'll probably increase your money

REMEMBER - Lifts can go up as well as down

Nat, if your overdraft is costing you anything in fees/interest then your money would work harder in your current account trying to get you in the black. Savings accounts are paying such low interest right now.

An ISA is a special savings account where you pay no tax on the interest you earn. Good idea if you have spare cash.

that would be ok, in some ways what I really want to do is put the money somewhere and then forget about it. Thanks, I'll look into Nationwide

Don't listen to these people, they'll all tell you to get what they have :p

An ISA is a great thing to have, but it's also best to manage it carefully (once a year or so is enough). Read up here: http://www.moneysavingexpert.com/savings/best-cash-isa - that site tells you why you would want one, how to manage one, and what the best interest rates to restrictions are currently. Generally speaking you should max out your ISA before you start investing in markets as it gives you a solid rate of tax-free return that you can base your next financial adventures on.

Edit: Sparky ^ is also bang-on. Fees and interest on debt always trample all over any interest you can earn in a savings account of any kind, so by putting money into savings instead of pumping it all into repaying debt, you'd be costing yourself money.

Nat, if your overdraft is costing you anything in fees/interest then your money would work harder in your current account trying to get you in the black. Savings accounts are paying such low interest right now.

+1

With interest rates as they are, if you are a net debtor, then any extra cash should go towards reducing your debts, not into a savings account. If your savings account pays 1%, but your debts charge you 5%, then you are losing £4 a year, for every £100 you have in savings rather than paying down debt.

I seem to recall you're studying at the moment; if you're struggling financially, look into the college's hardship fund.