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NS&I Closed Accounts

Gatser
Gatser Posts: 625 Forumite
Part of the Furniture 500 Posts Name Dropper Photogenic
in Savings & investments
In the September edition of MONEYWISE it states "Those with NS&I accounts will be able to put more money into them, but no new accounts can be opened until further notice"

Does this mean that I can add to my NS&I Inflation linked account?

Somehow I do not think so.... ?
THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)

Comments

  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    edited 24 August 2010 at 12:17PM
    The NS&I "inflation linked account" was an index-linked savings certificate. You could never add new funds to a savings certificate only invest, within limits, in new certificates of whatever issues were on offer at the time.

    I can see no new announcement on the NS&I website about other NS&I accounts. So is it possible that the article does refer to savings certificates? If so then the only explanation that I can think of is that existing holders of savings certificates (fixed and index-linked) can reinvest funds from matured certificates into new certificates (fixed or index-linked).
  • lisyloo
    lisyloo Posts: 30,113 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    or are they referring to accounts and not certificates at all?
This discussion has been closed.
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