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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
18 year needs advice on saving accounts.
elli0tt
Posts: 1 Newbie
Hi,
i have recently left sixth form and have £1000 pounds that i want to lock away for a year. I was wondering weather the NS&I Index-linked Savings account at 6.8% is the best option or would a fixed rate bond be better.
thanks.
i have recently left sixth form and have £1000 pounds that i want to lock away for a year. I was wondering weather the NS&I Index-linked Savings account at 6.8% is the best option or would a fixed rate bond be better.
thanks.
0
Comments
-
There is no account that pays 6.80%. You have unfortunately misunderstood the NS&I Index Linking.
Basically if you had bought the Index Link Savings this time last year, you could be getting the 6.80% rate now.
The Index Link Certificates are also in 3 year and 5 year issues. You do not get the full return if you cash them in early.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards