Should I invest in NSandI Index Linked Saving Certificates?

eebee

I currently have 5K that I want to put into savings. I already have money in a wide range of saving and investment accounts such as Cash and stocks&shares ISA's, fixed term bonds, regular savers, premium bonds, pensions and fixed rate instant access savings accounts.

I was looking at the NSandI index linked savings certificates, I liked the fact that it's for a 3 or 5 year term, but the money can be accessed after 1 year if required, also they're tax free.

As they're linked to RPI, when is a good time to buy? What are peoples thoughts on NSandI ILSC's?

Has anyone got any other ideas where I could save 5K?

Lokolo

When are they a good time to buy? Whenever you think RPI is going to rocket.

They are a safe haven against high inflation.

RayWolfe

eebee wrote: »

I was looking at the NSandI index linked savings certificates, I liked the fact that it's for a 3 or 5 year term, but the money can be accessed after 1 year if required, also they're tax free.

You can withdraw during the first year ... it's just that you don't get any interest.

Zebra

Discussed here.