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  • FIRST POST
    • twokcc
    • By twokcc 18th Oct 16, 2:59 PM
    • 222Posts
    • 92Thanks
    twokcc
    N S I inflation savings October calcs wrong
    • #1
    • 18th Oct 16, 2:59 PM
    N S I inflation savings October calcs wrong 18th Oct 16 at 2:59 PM
    Just checked my N S & I values after todays announcement giving negative values for month and large (hundreds of £'s) reduction in value for month.

    Anyone else checked theirs?
Page 1
    • fonesaver
    • By fonesaver 18th Oct 16, 3:51 PM
    • 201 Posts
    • 96 Thanks
    fonesaver
    • #2
    • 18th Oct 16, 3:51 PM
    • #2
    • 18th Oct 16, 3:51 PM
    Just checked my N S & I values after todays announcement giving negative values for month and large (hundreds of £'s) reduction in value for month.

    Anyone else checked theirs?
    Originally posted by twokcc
    Yes, they look wrong - not for the first time!
    • molerat
    • By molerat 18th Oct 16, 5:31 PM
    • 15,052 Posts
    • 9,392 Thanks
    molerat
    • #3
    • 18th Oct 16, 5:31 PM
    • #3
    • 18th Oct 16, 5:31 PM
    Also getting a value through your account on line and using the calculator comes up with different figures, last month the calculator gave a higher figure.
    Last edited by molerat; 18-10-2016 at 5:38 PM.
    www.helpforheroes.org.uk/donations.html
    • jdw2000
    • By jdw2000 19th Oct 16, 8:33 AM
    • 170 Posts
    • 32 Thanks
    jdw2000
    • #4
    • 19th Oct 16, 8:33 AM
    • #4
    • 19th Oct 16, 8:33 AM
    Is this the NS&I Income Bond Savings account?

    I opened one of these yesterday. Money is safe in there, I assume? I intend to put about £19K in there as my Natwest savings account and ISA have just switched to 0.01%!
    • xylophone
    • By xylophone 19th Oct 16, 8:39 AM
    • 19,199 Posts
    • 10,907 Thanks
    xylophone
    • #5
    • 19th Oct 16, 8:39 AM
    • #5
    • 19th Oct 16, 8:39 AM
    Is this the NS&I Income Bond Savings account?
    No. The posts refer to NS&I Index Linked Savings Certificates.
    • jdw2000
    • By jdw2000 19th Oct 16, 9:10 AM
    • 170 Posts
    • 32 Thanks
    jdw2000
    • #6
    • 19th Oct 16, 9:10 AM
    • #6
    • 19th Oct 16, 9:10 AM
    No. The posts refer to NS&I Index Linked Savings Certificates.
    Originally posted by xylophone
    Many thanks.
    • talexuser
    • By talexuser 19th Oct 16, 11:20 AM
    • 2,095 Posts
    • 1,559 Thanks
    talexuser
    • #7
    • 19th Oct 16, 11:20 AM
    • #7
    • 19th Oct 16, 11:20 AM
    Yes, the site valuation is around £150 less than the calculator valuation which seems around correct. They seem to have revamped the site with a different login regime, no doubt there are gremlins.

    As an aside, far from the debates about renewing these when inflation was virtually zero, it now looks as though they will be a great deal the way inflation will be going the next few years
    • Fella
    • By Fella 19th Oct 16, 11:38 AM
    • 6,998 Posts
    • 6,967 Thanks
    Fella
    • #8
    • 19th Oct 16, 11:38 AM
    • #8
    • 19th Oct 16, 11:38 AM
    I actually thought the calculator valuation looked incorrect.
    • talexuser
    • By talexuser 19th Oct 16, 11:58 AM
    • 2,095 Posts
    • 1,559 Thanks
    talexuser
    • #9
    • 19th Oct 16, 11:58 AM
    • #9
    • 19th Oct 16, 11:58 AM
    Maybe they are both wrong then?
    • vmp
    • By vmp 19th Oct 16, 4:29 PM
    • 35 Posts
    • 6 Thanks
    vmp
    Last month my certificate was worth £17,484.70

    This month it's apparently worth £17,268.90 according to the calculator

    Is it Brexit's fault?
    • MiserlyMartin
    • By MiserlyMartin 19th Oct 16, 6:54 PM
    • 1,809 Posts
    • 1,323 Thanks
    MiserlyMartin
    EVERYTHING! that has gone wrong since brexit is the fault of brexit you should know that by now, even things that happened many years before - they too are the fault of brexit....
    • talexuser
    • By talexuser 20th Oct 16, 9:41 PM
    • 2,095 Posts
    • 1,559 Thanks
    talexuser
    Today my account login valuation is £213 more than the calculator
    • fonesaver
    • By fonesaver 21st Oct 16, 9:31 AM
    • 201 Posts
    • 96 Thanks
    fonesaver
    I phoned NS&I, they insist that the calculator is only an estimate but agreed to get someone to check it.
    • Fella
    • By Fella 22nd Oct 16, 7:02 AM
    • 6,998 Posts
    • 6,967 Thanks
    Fella
    I'm shamefully thick when it comes to how these are calculated but I THOUGHT it was all to do with the monthly RPI figure you see in the RPI column here:

    http://www3.hants.gov.uk/finance/retailpricesindexandconsumerpriceindex.htm

    September 2016 is 264.9 which is higher than the August figure of 264.4. It's also higher than the Sept 2015 figure of 259.6. It's also higher than the YoY figure. I was under the impression that meant they'd gone up.

    And that it was months were the RPI figure was actually reduced that meant they go down.
    • Dird
    • By Dird 22nd Oct 16, 9:54 AM
    • 2,388 Posts
    • 1,402 Thanks
    Dird
    You've all had a haircut to reduce the national debt. Thank you for your service

    Greece 2.0
    Mortgage (Nov 15): £79,950 | Cashback sites: £785 | Current accounts: 15
    Mortgage (Nov 16): £76,486 | £30k in 2016 #96: £27,530 (91.7%)
    • joe134
    • By joe134 23rd Oct 16, 9:26 AM
    • 2,928 Posts
    • 383 Thanks
    joe134
    looks like renewing mine for another 5 years in december, if nothing changes before then.
    inflation on the way up, so, expect ns/i to juggle the rates again, before then.
    • talexuser
    • By talexuser 23rd Oct 16, 12:34 PM
    • 2,095 Posts
    • 1,559 Thanks
    talexuser
    Today my log in valuation has reduced by £213 and is £1 less than the roll over starting amount in May. At least it now agrees with the calculator, but is that correct yet (big jump down from last month)?
    • Fella
    • By Fella 24th Oct 16, 8:36 AM
    • 6,998 Posts
    • 6,967 Thanks
    Fella
    Makes no sense whatsoever to me.
    • Glen Clark
    • By Glen Clark 24th Oct 16, 9:17 AM
    • 3,456 Posts
    • 2,498 Thanks
    Glen Clark
    Just logged into mine and the online valuation is higher than the calculator. (Looks to me like the calculator is correct as I expect they calculate inflation to be very low.)
    For society to function well, people generally need to feel that they have a fair chance of success through their ability and efforts. The more entrenched hereditary elites we have, the less likely people are to feel that way
    • talexuser
    • By talexuser 24th Oct 16, 12:21 PM
    • 2,095 Posts
    • 1,559 Thanks
    talexuser
    Mine is the opposite, online is £1 less than reinvested, and calculator now £6 more than reinvested. We need polymaff on this thread to tell us the correct figure, and then tell NS&I how to fix their calculator and sack the incompetent doing the programming.
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