Index linked savings certs renewal

ManAtHome

If you re-invest, you can cash in at any time and still get the interest+RPI (unlike initial investments which you have to keep for a year) - looks like one of them 'no-brainers' at the moment.

And yes, I've also noticed the 2-year term in the calculator-thingy - probably on sale a couple of years ago... (lol) - I'm sure they had a few 3/5 year issue with 'no thanks' rates spring/summer 2008.

StevieJ

Sceptic001 wrote: »

I'm sure lemonjelly is right. The NS&I calculator page gives 2, 3 and 5 year options. I can't find a comprehensive list of previous issues, but it looks like Issue 16 and/or Issue 17 were 2 year terms, which is why the 2 year renewal option has been offered.

Those appear to be 3 years but I noticed there were 2 year ones back in 2003, maybe up to 2005, maybe he has renewed these every two years since.

Index-linked Savings Certificates
3-year Index-linked Savings Certificates
Effective from
21 May 2008
17th Issue
Guaranteed compound rate over 3 years Index-linking+0.70% AER Tax-free
2 April 2008
16th Issue
Guaranteed compound rate over 3 years Index-linking+0.25% AER Tax-free
25 April 2007
15th Issue
Guaranteed compound rate over 3 years Index-linking+1.35% AER Tax-free

Here is an article from June 2008, no mention of two year option

http://www.marketoracle.co.uk/Article5144.html

How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?

He must have renewed that two year one before

Sceptic001

Good Lord, Holmes, I think you've cracked it! :beer:

StevieJ

Sceptic001 wrote: »

Good Lord, Holmes, I think you've cracked it! :beer:

Elementary my dear Sceptic.

JamesU

StevieJ wrote: »

Elementary my dear Sceptic.

You will always find one saver that does not fit the mould.

JameU

lemonjelly

StevieJ wrote: »

OK which one is it, the index linked are 3 and 5 years, here are their products.

http://www.nsandi.com/interest-rates

StevieJ wrote: »

Those appear to be 3 years but I noticed there were 2 year ones back in 2003, maybe up to 2005, maybe he has renewed these every two years since.


Here is an article from June 2008, no mention of two year option

http://www.marketoracle.co.uk/Article5144.html



He must have renewed that two year one before

These are the reasons for all the in the original post.

I honestly can't recall when I opened it. Recieving the letter was the reminder that I held it. All I know is the value of the savings cert, & the fact that it was in a 2 year, & I've been offered the option of a further 2 year option.

Bit wrong really, to not know you've over 3k sitting somewhere...:o

StevieJ

lemonjelly wrote: »

These are the reasons for all the in the original post.

I honestly can't recall when I opened it. Recieving the letter was the reminder that I held it. All I know is the value of the savings cert, & the fact that it was in a 2 year, & I've been offered the option of a further 2 year option.

Bit wrong really, to not know you've over 3k sitting somewhere...:o

I suggest you stick with it as you cash it in at any time without penalty (I assume).