We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Should I invest in NSandI Index Linked Saving Certificates?

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?

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    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
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    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
    Zebra Posts: 6,702 Forumite
    Discussed here.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349K Banking & Borrowing
  • 252.4K Reduce Debt & Boost Income
  • 452.7K Spending & Discounts
  • 241.9K Work, Benefits & Business
  • 618.4K Mortgages, Homes & Bills
  • 176.1K Life & Family
  • 254.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.