@@DiasporaCareersandInvestments Please how do I contact you privately? I am a novice to investments tried investing by listening to some of your videos and got scammed 5000 dollars…
Thank you for the financial education I’ve learnt in this video, Shadrach. I was searching for Dave Ramsey’s audiobook when yours came in my recommended video. Because I’ve recently been thinking about high interest savings acct, I decided to listen to you. The downside to these regular saver account you’ve recommended is that 50er are only open to current account holders. So it would be difficult opening multiple accounts if you’re not earning a lot. All the same, thank you and I have subscribed to your channel. Many immigrants definitely need the financial education and your educational videos are meeting that need.
I have some good money to invest. I’m a bit of a slow learner because of my age. In your video you said we can book to meet you. How do I do that please? Thanks
Cash ISA is a savings account but stocks and shares ISA is invested in the stock market. See my latest video that explains the ISAs here: ruclips.net/video/dOPJvrECYfw/видео.html
At 3:26 minutes you mentioned that Flex regular saver is best sitting at 8%AER, apparently they are at 6.5%. Question now is, is it that the percentage is subject to change anytime or it’s actually that the policies are constantly changing? If so what’s the current one on top of the list?
Oh yeah- they keep changing. I think for Easy access Cahoot has the best rate at the moment which is slightly over 5.1% but all these are subject to change. With interest rates falling, many deals are going to leave the scene
Hello Shadrach. Thank you for this information. Which UK bank credit card reports to all 3 credit reference agencies? I've been using Monzo and sadly they only report to Transunion.
Thank you for your insightful video. How about switching bank? Netwest offers £200 for switching a bank at the moment. Do you think this is a good deal switch from Santander bank?
Dr. Please can i open an ISA account on money box for a house and also ISA cash and investments on money box at the same time or Can i open the ISA cash and investments this year and change it to the one for buying a first house later?
I would want to ask if one is to start ISA in January, would it be terminated in April as the tax year ends or carry forward to January when you opened the account
You get a new allowance in the new tax year but you can continue the old one. Hope that makes sense? So you dont need to open a new one if you dont want to but you can too if you wish to
Please you may want to make an update to this video because some information may have been outdated. Interest on Metro Bank Easy Access Account is now less than 2%
Hi. I’m trying to open these accounts but they keep saying i should open another account with them first. Especially the regular saving accounts. Should i go ahead and do it?
Hello If you open an Moneybox account today and put in the maximum amount will you be able to withdraw in April after the tax year ends or is there a set time you can take it out to get your first home?
The withdrawal must be at least 12months after your first deposit and this should be for your first home else you will be charged 25% penalty. The purpose of the ISA is for your first home or for long-term pension
Hello, i want to clarify something, is it not better to put all the funds in 5% Easy access Cash ISA (tax free) as opposed to 7% Regular saver (with tax). Please clarify. Thanks
Not all interest is taxed. You must earn over 1000 pounds in interest to pay tax, I think. So a regular saver that pays 7% for 300 pounds per month saving- you’re looking at about 137 pounds interest for a year- and so you wont have to pay tax on it anyways. This link explains the taxes related to savings: www.gov.uk/apply-tax-free-interest-on-savings. So back to your question, you can do both- dpeneding on how much you have
@@DiasporaCareersandInvestments my plan is to put away 400-500£ away monthly (as a start). I will like ti be able ti access some part of the money whenever tho
Please after saving for 1 year in lifetime ISA,can I withdraw the money and deposit it in another easy access account without loosing any money from it. OR I can only withdraw when I'm ready to buy a home.
Thanks for this video. Please if I open a lifetime ISA account this tax year before April, will I be paid 25percent bonus from the government before the end of this tax year?
Hi, what if one already has regular saver account but however pior to this video,the person has been withdrawing regularly from it(NatWest) what do you advise?
Hi, thanks for the video. So, of I open the isa and put one pound, what does that do for me as opposed to waiting until I'm sure I want to buy a house in the UK? Secondly, and unfortunately, I have HSBC and Barclays bank which is not among the ones mention. What's your best advice? Thanks
You need to have a Lifetime ISA opened for at least 1 year before you can use it to buy a house. Opening the account with 1 pound means the time starts counting. Which means you can buy a house without having to wait any longer
@@DiasporaCareersandInvestments i opened Metro bank account after your video and kept £9k , I was given £8.91 in one month(January ) . It's not much but i have kept that money as emergency money in another bank account for 2 years and it has earned no penny. I didn't know it could yield any penny even while still being accessible. Thank you
Thank you for always diahing out quality information, please Can a person who will be 40 by the end of the year open it now, will the person still get the interest if buying the house after age 40
Open it today! Before you’re 40. Yes you will still be able to use it and even pay into it after 40 years. You must OPEN the account before 40! If any worries, hit me up on Facebook
@@DiasporaCareersandInvestments thanks Boss... I'm here studying MSc project management at London and have lots of interest building my finances here. I've been following you for some time now, way before I got into the UK from Nigeria and have learnt a lot from watching you. I'm looking forward to your mentorship Boss. Thanks for all you do for us here.
Hi shadrack, what if you own a property in your home country but not in the Uk, does that mean you’re not a first time buyer in the Uk? And won’t benefit from the 25% bonus from the government? Or as long as it’s your first home in the Uk, you qualify? Pls shed more light. Thank you
Hi Shadrack, I am one of your you tube subscribers since last year. I discovered you via Nanelle's you tube channel. I live here in UK. Recently I moved from Glasgow, Scotland to London. I need your email address so that we can take this further.
All I need is an easy access account and an extra regular saver account with a high rate paying bank… hahaha. God bless you doc
Go for it!
@@DiasporaCareersandInvestments Please how do I contact you privately? I am a novice to investments tried investing by listening to some of your videos and got scammed 5000 dollars…
Thanks for this video
Thank you for the financial education I’ve learnt in this video, Shadrach. I was searching for Dave Ramsey’s audiobook when yours came in my recommended video. Because I’ve recently been thinking about high interest savings acct, I decided to listen to you. The downside to these regular saver account you’ve recommended is that 50er are only open to current account holders. So it would be difficult opening multiple accounts if you’re not earning a lot. All the same, thank you and I have subscribed to your channel. Many immigrants definitely need the financial education and your educational videos are meeting that need.
Thank you very much for your kind comments. It means a lot
Hello,I would be glad if you share the budged spread sheet with me. Thank you
I am on my way to natwest to start now. Thanks for sharing.
Best of luck!
I am interested in the budget plan you talked about
God will bless you always. You have really opened my eyes to a lot. I can't thank you enough.
You are so welcome
you have a way of making this sound so easy. Thanks
You’re very kind with words
Hello Shadrach,
Please may I know if am eligible to have this savings whilst am living in Germany?
Even though i use to visit the UK often ..
This is fantastic! Thank you for sharing. Opening the regular saver now
Nice
Good one as always! I love the drip feeding
I like the concept of drip feeding
I have some good money to invest. I’m a bit of a slow learner because of my age. In your video you said we can book to meet you. How do I do that please? Thanks
Great Info bro, how does one reach you? Thanks
You can reach me here:facebook.com/dareshadrach
Thanks a lot Bro!
Always welcome
I just subscribed 😊😊 you are a natural saver. God bless you
Amen. thank you for subscribing
Thanks for this vid
Any time
Hi Shedrach, is the Interest rate on regular savers account taxed?
Thanks for your lovely content! Waiting for the credit card video.
God bless you 🙏
So nice of you
Thank you so much for this video. Can I have an appointment with you please.
Sure thing- connect via Facebook or Instagram
Hello can you share the link to the banks you mentioned please?
See in the description box below
Thank you Dr 😊
Welcome 😊
Great information 👍
Glad it was helpful!
Can I withdraw all the money in my easy access account when I want to?
Could you open lifetime Isa when you have also advantage saver
Certainly! THe latter is not an ISA, is it?
Hello pls I have the Moneybox app but I would like to know the difference between stock and shares ISA and Cash ISA for a first time buyer
Cash ISA is a savings account but stocks and shares ISA is invested in the stock market. See my latest video that explains the ISAs here: ruclips.net/video/dOPJvrECYfw/видео.html
Please is it for only UK residents. What if I live in Europe.Are there any account you would suggest?
Yes- it’s more British. I’ll look into Europe accounts
Can you help me with investment part please. Thanks
What do you wish to know?
Shares
@@justinaeleojoagunenye243
Me too please. Shares and ETFs.
@@DiasporaCareersandInvestments
Me too. Shares and ETFs. Thanks
Love this
Can a lifetime ISA be transferred from one bank to another?
Yes. Have a video coming out today- do check it out
Great information Sir. Thanks so much. Can I have a one on one with you?
Sure, why not- link up on Facebook
Please I also want a one on one too. I have requested to join on Facebook
Does having a current account have an advantage at all?
At 3:26 minutes you mentioned that Flex regular saver is best sitting at 8%AER, apparently they are at 6.5%. Question now is, is it that the percentage is subject to change anytime or it’s actually that the policies are constantly changing? If so what’s the current one on top of the list?
Oh yeah- they keep changing. I think for Easy access Cahoot has the best rate at the moment which is slightly over 5.1% but all these are subject to change. With interest rates falling, many deals are going to leave the scene
What about Halifax bank
Thank u
Welcome
God bless you boss 🙏🏽🙏🏽🙏🏽
Amen. Thank you for the support too
Hello Shadrach. Thank you for this information. Which UK bank credit card reports to all 3 credit reference agencies? I've been using Monzo and sadly they only report to Transunion.
Its unlikely they would report to all three- but you can get one which reports to the biggest agency
Do one have to visit the banks to open the account in those specific banks you mentioned or it can be done online?
Can be done online
Can I open several stocks and shares ISA account with different banks/platforms?
You can only contribute to one stocks and shares ISA per tax year
@@DiasporaCareersandInvestments okay, so I can open a new one after come April 6 right?
Can I leave my money on the regular server as many year as I can??
Hello. How can I have a one on one appointment with you?
Thanks Shadrach
You welcome. Let me know if there are any specific videos you would like to see
Thank you for your insightful video. How about switching bank? Netwest offers £200 for switching a bank at the moment. Do you think this is a good deal switch from Santander bank?
Probably if it suits your goals. See my latest video where I speak about this: ruclips.net/video/KSZk9m3oZG4/видео.html
Thanks for the education, will the opening of different savings account not affect your credit score?
Possibly, but would bounce back
Dr. Please can i open an ISA account on money box for a house and also ISA cash and investments on money box at the same time or
Can i open the ISA cash and investments this year and change it to the one for buying a first house later?
Dr. Please can i open an ISA account on money box for a house and also ISA cash and investments on money box at the same time: YES
Can you open a regular savings account with nationwide without having a current account there?
I think they will require you to open a current account first. They would usually deduct the regular savings from the current account
I would want to ask if one is to start ISA in January, would it be terminated in April as the tax year ends or carry forward to January when you opened the account
You get a new allowance in the new tax year but you can continue the old one. Hope that makes sense? So you dont need to open a new one if you dont want to but you can too if you wish to
Nice educative video thank you. Dr. Shadrack. My question is Does opening all these account have an effect on your credit score ?
Potentially if they do a hard search but if at all it is only temporary and not really punitive so I wont bother with that
Please, can you explain some issues to me on personal terms. Looking forward hearing from you. Thank you.
Hit me up on Facebook: facebook.com/dareshadrach
Please you may want to make an update to this video because some information may have been outdated. Interest on Metro Bank Easy Access Account is now less than 2%
True- interest rates do change. I will update at the end of the quarter.
Hi Shadrack, I’m still waiting ooo!
Remind me again what you waiting on
Hi. I’m trying to open these accounts but they keep saying i should open another account with them first. Especially the regular saving accounts. Should i go ahead and do it?
Yes, for most banks you may need a current account before you can get a Regular saver
Hello
If you open an Moneybox account today and put in the maximum amount will you be able to withdraw in April after the tax year ends or is there a set time you can take it out to get your first home?
The withdrawal must be at least 12months after your first deposit and this should be for your first home else you will be charged 25% penalty. The purpose of the ISA is for your first home or for long-term pension
@@aanuoluwapoisabella9040 thank you
You can only take out the money in LifetimeISA when you’re buying a house. Other than that there’s a penalty of 25%
No it’s only for your first home
Hello, i want to clarify something, is it not better to put all the funds in 5% Easy access Cash ISA (tax free) as opposed to 7% Regular saver (with tax). Please clarify. Thanks
Not all interest is taxed. You must earn over 1000 pounds in interest to pay tax, I think. So a regular saver that pays 7% for 300 pounds per month saving- you’re looking at about 137 pounds interest for a year- and so you wont have to pay tax on it anyways. This link explains the taxes related to savings: www.gov.uk/apply-tax-free-interest-on-savings. So back to your question, you can do both- dpeneding on how much you have
As someone with limited funds, who wants to safe.
would you advise cash ISA or regular saver account?
Depends on how much you have. Regular savers pay higher- so anything over that can go into a cash ISA
@@DiasporaCareersandInvestments my plan is to put away 400-500£ away monthly (as a start).
I will like ti be able ti access some part of the money whenever tho
Please after saving for 1 year in lifetime ISA,can I withdraw the money and deposit it in another easy access account without loosing any money from it.
OR I can only withdraw when I'm ready to buy a home.
Thanks for this video. Please if I open a lifetime ISA account this tax year before April, will I be paid 25percent bonus from the government before the end of this tax year?
Yes
Hi, what if one already has regular saver account but however pior to this video,the person has been withdrawing regularly from it(NatWest) what do you advise?
Now you understand that withdrawing can make you lose the rate- so double check your rate and open a new one if necessary
I really like your content
Thank you
Thank you
Can opening different account affect ones’s credit score?
Some accounts do a hard check, but your credit score will bounce back
Thank you Doc. Please I am interested in a one-on-one with you Sir. Kindly advise
Send me a message on my FB: facebook.com/dareshadrach
I have just discovered you and immediately subscribed. I live in Germany. We are many Africans here. How can you assist us? Any contacts?
You can reach out via Facebook: facebook.com/dareshadrach
Please how can i boook for 1:1 section wifh you. Thanks
Link up on my Facebook: facebook.com/dareshadrach
Can i get ISA for my kids
Hi, thanks for the video. So, of I open the isa and put one pound, what does that do for me as opposed to waiting until I'm sure I want to buy a house in the UK?
Secondly, and unfortunately, I have HSBC and Barclays bank which is not among the ones mention. What's your best advice? Thanks
You need to have a Lifetime ISA opened for at least 1 year before you can use it to buy a house. Opening the account with 1 pound means the time starts counting. Which means you can buy a house without having to wait any longer
Please, if I want to purchase my first home but for buy to rent, can I still open a lifetime ISA account for that purpose?
No. Lifetime ISA is for your first personal home.
Alright, thank you
Please if I'm above 40 can I use stock and shares ISA to invest with money box and still get 25% added to my capital from the government?
You can have a Stocks and Shares ISA but doesnt pay 25% bonus. Only Lifetime ISA does and you cannot open a new one if you are 40+ years
How do i book an appointment with you
Get in touch via Facebook: facebook.com/dareshadrach or whatsapp. See my banner for details
And opening different saver’s account, doesn’t it mean someone has to open a current account with the bank before opening the saver account?
Many banks will require you to have a current account from which they will deduct money for regular saver
😂😂🎉🎉 this is what we should learn in school not dy/ds ...lol😅😂
You funny. Glad you liked the video
@@DiasporaCareersandInvestments i opened Metro bank account after your video and kept £9k , I was given £8.91 in one month(January ) . It's not much but i have kept that money as emergency money in another bank account for 2 years and it has earned no penny. I didn't know it could yield any penny even while still being accessible. Thank you
Thank you for always diahing out quality information, please Can a person who will be 40 by the end of the year open it now, will the person still get the interest if buying the house after age 40
Open it today! Before you’re 40. Yes you will still be able to use it and even pay into it after 40 years. You must OPEN the account before 40! If any worries, hit me up on Facebook
Hello, Nationwide offers 6.5% interest not 8%, kindly confirm
They dropped the rate
Wisdom
Hi can you please help me with accommodation. I need an agent
Reach out on Facebook:
Would you rather pay off your mortgage on this case rather than save the money over the year or save the money.
Metro bank now pays less at 4.01%😢
The offer I spoke about is off now
Can some1 open lifetime ISA at the age of 39yrs and continue putting cash in after he/she has passed the age of 40yrs ?
Yes- you can pay into it until 50 years
@@DiasporaCareersandInvestments thank you so much for your reply ❤️
i think metro bank has reduced their rate. its now 4.01%
That’s true
I would like to book a 1:1 appointment with you.
Hit my Facebook: facebook.com/dareshadrach
Wow, so over 40yrs can't open an Isa account 😮
You can open other ISAs but not Lifetime ISA
@@DiasporaCareersandInvestments thanks Boss...
I'm here studying MSc project management at London and have lots of interest building my finances here.
I've been following you for some time now, way before I got into the UK from Nigeria and have learnt a lot from watching you.
I'm looking forward to your mentorship Boss.
Thanks for all you do for us here.
Hi shadrack, what if you own a property in your home country but not in the Uk, does that mean you’re not a first time buyer in the Uk? And won’t benefit from the 25% bonus from the government? Or as long as it’s your first home in the Uk, you qualify? Pls shed more light. Thank you
This street is too busy. Send me a message in Facebook
Please provide your subscribers in US with related information Sir
Will do
Hi Shadrack, I am one of your you tube subscribers since last year. I discovered you via Nanelle's you tube channel. I live here in UK. Recently I moved from Glasgow, Scotland to London. I need your email address so that we can take this further.
Check the banner for details- email, Facebook, Instagram