NS&I Index-linked Savings Certificates. When will they be back??

max11

but what about the saving accounts from BM, PostOffice, Yorkshire BM?
RPI inflation + 1.5% interest.


are they same thing you are talking about?

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixed

StevieJ

max11 wrote: »

but what about the saving accounts from BM, PostOffice, Yorkshire BM?
RPI inflation + 1.5% interest.


are they same thing you are talking about?

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixed

Where do I start, NS&I is tax free, close to instant access and compounded interest, which adds up to a nice little product. Those other products are none of those things.

max11

thanks a lot...big difference!

ed123_2

....they will be back on 26th July 2011 at 12.31pm.......

le_loup

C'mon, no juicy bits without explanation .........

Biggles

ed123 wrote: »

....they will be back on 26th July 2011 at 12.31pm.......

That's the date of the announcement, isn't the release on 1 Aug at 8:00am?

lisyloo

And possibly using CPI rather than RPI.

I can't point you to it, but a recent announcement said RPI and that was very clear.
Inflation is expected to drop so I don't think these will be such a good investment.
They are annual figures and you can look at what is going to "drop out" from the previous 12 months e.g. the VAT increase will drop out in about 8 months time.

ThriftyFelicity

lisyloo wrote: »

I can't point you to it, but a recent announcement said RPI and that was very clear.

Says RPI in this article:

Savers rejoice at NS&I certificate relaunch

"NS&I said the new certificates will be linked to Retail Prices Index inflation, which currently stands at 5.5%."