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!
NS&I index linked 5 year bond
mrfussy
Posts: 1 Newbie
Hi
I have £15000 invested in a 5 year index linked savings certificate with NS and I that has just matured. I want to know if it is a good idea to leave this to continue on for a further term of 5 years.
I notice that you can no longer purchase these and that they are only available for current bond holders.
Advice needed please. Thanks
I have £15000 invested in a 5 year index linked savings certificate with NS and I that has just matured. I want to know if it is a good idea to leave this to continue on for a further term of 5 years.
I notice that you can no longer purchase these and that they are only available for current bond holders.
Advice needed please. Thanks
0
Comments
-
,,,it is a good idea to leave in for another five years (it would be available to withdraw at any time) as it would be one of the few saving products which protects against inflation....0
-
I agree with ed123, if you renew, the money is available to you at any time without penalty (unlike the first term). You cannot get savings today that, after tax, beat inflation, so why withdraw?0
-
especially valuable if you are a higher rate tax payer...
See similar stuff here:
https://forums.moneysavingexpert.com/discussion/30251300 -
24 carrot
- hold 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Out of interest, what terms have you been offered for your renewal?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards