| It's me asking questions again! 13:42 - Jul 4 with 1212 views | The_Flashing_Smile |
Life insurance and a decent bank account. Heard from a friend that the Post Office do a decent life insurance deal, but I was quoted £158.74 a month which seems a bit steep to me!
Also looking to change bank as HSBC give me diddly squat in interest. Gonna have a look on Money Saving Expert but just wondered if anyone has any recommendations on here for this (or the life insurance).
Cheers, as always. |  |
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| It's me asking questions again! on 13:45 - Jul 4 with 1187 views | itfcjoe |
Vitality Life Insurance is really good coverage plus has lots of perks - i.e. half price gym membership at Nuffields, half price trainers every year, loads of other stuff.
Worth checking if something you already pay out for, like a gyn, is covered by something and then going down that avenue. As an e.g. it's cheaper for Mrs F to insure us for £750k with Vitality and be a member of David Lloyd than it is to just be a member of David Lloyd due to the discount
Sure plenty of other things like that too |  |
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| It's me asking questions again! on 17:46 - Jul 4 with 1011 views | The_Flashing_Smile |
| It's me asking questions again! on 13:45 - Jul 4 by itfcjoe |
Vitality Life Insurance is really good coverage plus has lots of perks - i.e. half price gym membership at Nuffields, half price trainers every year, loads of other stuff.
Worth checking if something you already pay out for, like a gyn, is covered by something and then going down that avenue. As an e.g. it's cheaper for Mrs F to insure us for £750k with Vitality and be a member of David Lloyd than it is to just be a member of David Lloyd due to the discount
Sure plenty of other things like that too |
Just been chatting to someone from Vitality on your recommendation - I like that that they track your activity/fitness and give you points towards discounts off various things. Good idea that. | |
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| It's me asking questions again! on 18:26 - Jul 4 with 963 views | Bent_double |
Do you mean a bank current account that pays decent interest, or a separate savings account for a lump sum, or a monthly saver account?
Then of course, do you need access to the money anytime soon, or can you lock it away for a few years to get a better rate? Some 3-year fixed deals will get you 3% + atm, but of course interest rates might go up another quarter or half percent in the next few months, so maybe a variable rate would be better.
I've got accounts with Shawbrook bank (good rates), and also through Raisin (they're like a savings marketplace, you put your money in an account with them, then allocate it to one of the banks that give the better rates - they claim to offer rates you wouldn't get if you went directly to the same bank)
Some current accounts (FirstDirect, Santander) offer 2.5-3% on monthly savings accounts, but your limited to £2-3000 per year, so not great if you have more to invest. |  |
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| It's me asking questions again! on 18:50 - Jul 4 with 930 views | Pinewoodblue |
What exactly are you looking for life insurance wise? Term is cheaper than whole life.
Also depends what any payout is intended to cover. You might consider a mortgage protection policy where the amount paid out pays off the mortgage . You might also look at critical illness cover.
Regards banks a basic bank account may be sufficient unless you are a lazy investor and keep far too much money in your current account. |  |
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| It's me asking questions again! on 14:23 - Jul 6 with 784 views | The_Flashing_Smile |
| It's me asking questions again! on 17:46 - Jul 4 by The_Flashing_Smile |
Just been chatting to someone from Vitality on your recommendation - I like that that they track your activity/fitness and give you points towards discounts off various things. Good idea that. |
Joe - just wondering, if you see this, how easy you find getting enough points to keep your premium at the lowest level? Assuming you do actually have a Vitality package. | |
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| It's me asking questions again! on 14:45 - Jul 6 with 757 views | itfcjoe |
| It's me asking questions again! on 14:23 - Jul 6 by The_Flashing_Smile |
Joe - just wondering, if you see this, how easy you find getting enough points to keep your premium at the lowest level? Assuming you do actually have a Vitality package. |
Really easy - for the top tier you need to get 40 points a week and there is a maximum of 8 points per day
Any workout will get you at least 5 points as longas you wear tracker, as does just going to a gym - but the easy one is 12.5k steps. I do that basically every day, if you do 12,500 steps a day 5 times a week then you are at maximum points before you even need to do anything else | |
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| It's me asking questions again! on 14:48 - Jul 6 with 743 views | Swansea_Blue |
| It's me asking questions again! on 18:50 - Jul 4 by Pinewoodblue |
What exactly are you looking for life insurance wise? Term is cheaper than whole life.
Also depends what any payout is intended to cover. You might consider a mortgage protection policy where the amount paid out pays off the mortgage . You might also look at critical illness cover.
Regards banks a basic bank account may be sufficient unless you are a lazy investor and keep far too much money in your current account. |
It has to cover cardiac arrest as a result of £90 bills for bangers and mash  |  |
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| It's me asking questions again! on 14:48 - Jul 6 with 742 views | Funge |
Dollers First Direct give you cash (£150 apparently) for switching, plus their service is about as good as anyone post-COVID.
Life Insurance - just hire a bodyguard. |  | | |
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| It's me asking questions again! on 15:50 - Jul 6 with 691 views | The_Flashing_Smile |
| It's me asking questions again! on 14:45 - Jul 6 by itfcjoe |
Really easy - for the top tier you need to get 40 points a week and there is a maximum of 8 points per day
Any workout will get you at least 5 points as longas you wear tracker, as does just going to a gym - but the easy one is 12.5k steps. I do that basically every day, if you do 12,500 steps a day 5 times a week then you are at maximum points before you even need to do anything else |
Ta. And does any tracker work or does it need to be one of their approved ones (i.e. an Apple watch)? | |
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| It's me asking questions again! on 15:51 - Jul 6 with 689 views | The_Flashing_Smile |
| It's me asking questions again! on 14:48 - Jul 6 by Swansea_Blue |
It has to cover cardiac arrest as a result of £90 bills for bangers and mash |
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| It's me asking questions again! on 15:52 - Jul 6 with 682 views | itfcjoe |
| It's me asking questions again! on 15:50 - Jul 6 by The_Flashing_Smile |
Ta. And does any tracker work or does it need to be one of their approved ones (i.e. an Apple watch)? |
I have a Fitbit and a Garmin running watch and they both work - don't think there is approved ones so to speak | |
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| It's me asking questions again! on 15:58 - Jul 6 with 663 views | clive_baker |
Re. bank account, everyone seems to be joining CHASE at the moment:
1.5% interest
1% cashback
5% interest on roundups, paid monthly.
Until recently there was a referral bonus but I think that's gone, but still a good current account. App is nice and easy to use too, would highly recommend. I made the same switch from HSBC.
Re. Life Insurance, not relevant for everyone but worth checking if your employer provides you anything already, and then you can perhaps just buy privately the bits that are missing. |  |
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| It's me asking questions again! on 16:01 - Jul 6 with 655 views | The_Flashing_Smile |
| It's me asking questions again! on 15:58 - Jul 6 by clive_baker |
Re. bank account, everyone seems to be joining CHASE at the moment:
1.5% interest
1% cashback
5% interest on roundups, paid monthly.
Until recently there was a referral bonus but I think that's gone, but still a good current account. App is nice and easy to use too, would highly recommend. I made the same switch from HSBC.
Re. Life Insurance, not relevant for everyone but worth checking if your employer provides you anything already, and then you can perhaps just buy privately the bits that are missing. |
I'm freelance so don't have an employer... although I do use an umbrella company - worth checking if they do anything, so cheers for that suggestion.
What's roundups?! | |
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| It's me asking questions again! on 16:05 - Jul 6 with 638 views | The_Romford_Blue |
Not sure I can think of anything worse than paying £158 a month of my wages into an account that I’d ‘benefit’ from upon reaching my death. |  |
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| It's me asking questions again! on 16:06 - Jul 6 with 638 views | clive_baker |
| It's me asking questions again! on 16:01 - Jul 6 by The_Flashing_Smile |
I'm freelance so don't have an employer... although I do use an umbrella company - worth checking if they do anything, so cheers for that suggestion.
What's roundups?! |
Every time you make a transaction you're asked if you want to round it up to the nearest £1. That difference automatically goes into a little roundup savings pot. Of course, it's your money as you've rounded the transaction up, it's not free. Although interest of 5% is paid on that and you'll be surprised how quickly it can build up. | |
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| It's me asking questions again! on 16:30 - Jul 6 with 616 views | The_Flashing_Smile |
| It's me asking questions again! on 16:05 - Jul 6 by The_Romford_Blue |
Not sure I can think of anything worse than paying £158 a month of my wages into an account that I’d ‘benefit’ from upon reaching my death. |
It's a crazy amount and I've got quotes that are more than half that... but life insurance isn't about benefitting you, it's for your loved ones. [Post edited 6 Jul 2022 17:21]
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| It's me asking questions again! on 17:16 - Jul 6 with 569 views | ZXBlue |
| It's me asking questions again! on 16:30 - Jul 6 by The_Flashing_Smile |
It's a crazy amount and I've got quotes that are more than half that... but life insurance isn't about benefitting you, it's for your loved ones. [Post edited 6 Jul 2022 17:21]
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Why are you after life insurance?
Many employers have death in service which does the trick. If not, then do you have kids? Who are you hoping to provide for and why? |  | | |
| It's me asking questions again! on 17:27 - Jul 6 with 550 views | The_Flashing_Smile |
| It's me asking questions again! on 17:16 - Jul 6 by ZXBlue |
Why are you after life insurance?
Many employers have death in service which does the trick. If not, then do you have kids? Who are you hoping to provide for and why? |
I don't have an employer as such, I'm freelance.
I'm about to get a mortgage - it's for Lady Dollers to be able to pay it if I snuff it. Although thinking I might just go for income protection. | |
| Trust the process. Trust Phil. |
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