SMM blog

Click on the envelope icon below to get this blog delivered to your inbox

Cash Isas – where is the best rate?

Virgin Money emailed me last week to tell me my cash Isa was maturing. They’ve paid me a not-that-exciting 1.3% on my £5,000 over the past year. I decided it was time to look around for something better. One option was to stay with Virgin and transfer into a follow-on cash Isa. The suggested product...
Continue reading
  143 Hits
  0 Comments

New rules on credit cards: millions could pay less

Even though my finances are often under strain, it has been many years – possibly going on for 15 – since I had an outstanding debt on a credit card. And long may that continue. Unless you’ve got a 0% deal on your card, then if you don’t pay off the bill in full you’re going to be hit by a huge amou...
Continue reading
  649 Hits
  0 Comments

Interest-only mortgages: why you need to act now

Here’s a warning if you’ve an interest only mortgage. One day, you’ll going to have to pay back the original capital you borrowed. If you haven’t got a savings plan in place to cover that, you could be facing a big bill when your mortgage matures. Interest-only mortgages are when you simply pay the ...
Continue reading
  706 Hits
  0 Comments

Start swotting up on student accounts

Assuming your child has passed enough exams to get a place somewhere, even if it’s not the first choice, you’ll be spending some of the holidays getting to grips with a whole new project: paying through university or college. It's mainly about loans and finding them. Once you've exhausted your quota...
Continue reading
  969 Hits
  0 Comments