Sign up

Financially frazzled?

We're here to help! We've decoded some of the most widely misunderstood financial terms for you.

Base rate

Bic Swift
BIC/SWIFT Code

A code used to identify a bank when sending money internationally, ensuring payments are sent to the correct bank.

IPO
Initial Public Offering

When a private company offers shares to the public for the first time, allowing people to buy a stake in the business.

ISA

Cash ISA

LISA

JISA

Stocks and Shares ISA

Maturity

Capital Gains
Capital Gains

The profit made when you sell an investment or asset, for more than you originally paid for it.

Accrued Interest
Accrued Interest

Interest that has been earned on a savings account or investment but has not yet been paid into the account.

Compound Interest
Compound Interest

Interest earned on both the original amount saved and on any interest that has already been added, helping money grow faster over time.

ETF

Fixed Rate 2
Fixed Rate

An interest rate that stays the same for a set period, regardless of changes in the wider market.

Variable Rate_2@3x