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Ns&i

Amba_Gambla
Amba_Gambla Posts: 12,107 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Savings & investments
Ok, so a couple of weeks ago, I came across three long forgotten bank books of mine.
I have had them updated, and are as follows:

NS&I
Last updated: 4th September 1992.
was worth £121.30
now worth £304.07

Yorkshire BS
Last updated 30th June 1999
was worth £241.91
now worth £321.12

Leeds Permanent BS (now HBOS)
Last updated 1st December 2001
was worth £25.67
now worth £26.89

So I was wondering if there was any advantage in keeping any cash in NS&I? I know that all savings are guaranteed there, but I am nowhere near any £35k threshold. I'd rather have my money where I could access it more easily in the local BS.

thanks

Ambla

Comments

  • Rikki
    Rikki Posts: 21,625 Forumite
    When you sent the book off to NS&I did you get the original book returned?
    £2 Coins Savings Club 2012 is £4 :).............................NCFC member No: 00005.........

    ......................................................................TCNC member No: 00008
    NPFM 21
  • Amba_Gambla
    Amba_Gambla Posts: 12,107 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Rikki wrote: »
    When you sent the book off to NS&I did you get the original book returned?

    I called and asked them for a statement. They send me a piece of paper with my balance on it....
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    NS&I Is very safe as your money is 100% safe. But because of this you earn less intrest on your money.
    If you have under £35000 then then there are some great accounts out there with good intrest a lot better then NS&I

    And your money is safe upto £35000.

    All the best
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    FIFTY THOUSAND, not 35.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    halight wrote: »
    NS&I Is very safe as your money is 100% safe. But because of this you earn less intrest on your money.
    If you have under £35000 then then there are some great accounts out there with good intrest a lot better then NS&I

    And your money is safe upto £35000.

    All the best
    It's safe up to £50k per person per banking institution now.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
This discussion has been closed.
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