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  • FIRST POST
    • LadyLouise
    • By LadyLouise 6th Oct 17, 12:16 PM
    • 36Posts
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    LadyLouise
    1953 National Savings Certificate
    • #1
    • 6th Oct 17, 12:16 PM
    1953 National Savings Certificate 6th Oct 17 at 12:16 PM
    I have just found an ancient NS Certificate which belonged to my mum. It was taken out in 1953 for £15 and says it is worth £20 after 7 years. Is that what it is still worth or would any form of interest been applied to it in the 57 years since it matured?
Page 1
    • PeacefulWaters
    • By PeacefulWaters 6th Oct 17, 1:15 PM
    • 7,300 Posts
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    PeacefulWaters
    • #2
    • 6th Oct 17, 1:15 PM
    • #2
    • 6th Oct 17, 1:15 PM
    What did National Savings say when you asked them?
    • alanq
    • By alanq 6th Oct 17, 1:24 PM
    • 3,883 Posts
    • 2,496 Thanks
    alanq
    • #3
    • 6th Oct 17, 1:24 PM
    • #3
    • 6th Oct 17, 1:24 PM
    Before the current situation, where certificates are automatically reinvested in new issues, after maturity they earned a lower of interest applicable at the time (General Exension Rate). Recently this has been about 0.10%. I don't know the current rate.

    http://www.thisismoney.co.uk/money/saving/article-2387978/NS-I-simplify-old-Savings-Certificates-November.html

    The above assumes that the certificate has not previously been reported lost and the funds already paid out.
    Last edited by alanq; 06-10-2017 at 1:40 PM.
    I'm a Board Guide on the Budgeting and Bank Accounts, Savings & Investments, Food Shopping and Over 50s MoneySaving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert .com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com
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