ncbs index-linked cash ISA (2nd issue)

gb01_2

This deal is featured in the mse website & involves locking in cash until 2015 to gain the full benefit.

But what is that benefit?

Not in doubt is that a flat rate of 1.0 % p.a. interest is credited annually to the account.

The balance of the deal is obtaining additional interest as a one-off payment in 2015: but how much?
My reading of mse's interpretation is that one would obtain interest based on an annual rate equivalent to the average rpi within the 5 year period.
But my reading of ncbs' description of their offered deal is that additional interest will be paid (if at all) based on the difference in the rpi at the beginning and end of the (specified) period.

Anyone else looking at this deal & in doubt as to its offerings?

JamesU

Recently discussed in thread here:

https://forums.moneysavingexpert.com/discussion/2664857


JamesU

gb01_2

Thanks.
I've posted in that thread.
I hope this deal can be clarified - I've yet to speak with National Counties, but am about to do so.

gb01_2

OK, I've further posted in that thread.

Martin, where are you?
Cannot you or one of your team contribute on this matter - seems to me MSE's followers, like me, are being encouraged to invest in an inflation-busting deal which, apparently, is anything but.

How many of your disciples have already committed funds?

le_loup

Go back to the proper thread. You will find your fears are groundless. Stop panicking!