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National Savings Index-linked Certificates are misrepresented by Martin
SethMould
Posts: 3 Newbie
The Banking/Savings tab contains an article about the National Savings Index-linked Certificates which is misleading, I think. You don't get the current RPI + 1%. You get the difference between the RPI at investment and on anniversary. So the quoted figure of 6.3% is nonsense.
It fooled me, too!
Seth
It fooled me, too!
Seth
0
Comments
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There are a couple of threads on this already. It seems virtually everyone feels the same as you but there has been no change. It serves as another reminder that you shouldnt rely on journalism to provide accurate information.
That doesnt take away from the fact NS&I index linked certs are a good option for many people for some of their money.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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