MSE News: NS&I inflation-beating savings to return

adindas

I just notice the limit that I could take from my vantage a/c is now limited. So I am sure now that the money has been reserved.

adindas wrote: »

Hi Noh and All
How do we know that the money was reserved ?
I applied online early this week and the money still sit on my vantage current a/c. I have not noticed any change

Masomnia

whu wrote: »

It's not unfair - they were stopped last year because the Banks/BS's complained that it was unfair - the govt stopped them and expected the other institutions to become competitive which they have not been - so tough cheese to them

I hate to be cynical, but I'm pretty sure they were stopped not because they were unfair but because the government could borrow much, much cheaper from the markets than by selling these certificates.

Amigo34

lisyloo wrote: »

Sally - have you tried phoning them?
I know they've been busy, but they should be able to give you the number over the phone.

No can do.
I managed to get them on the phone and they were adamant.
I will have to wait for my certificate to apply again.
Signature requirement had already been sent back.
Just wait for your certificate and then you will be able to quote your
unique customer number

adindas

Good Point ..

Masomnia wrote: »

I hate to be cynical, but I'm pretty sure they were stopped not because they were unfair but because the government could borrow much, much cheaper from the markets than by selling these certificates.

Honkycat

adindas wrote: »

Good Point ..

So why have they brought them back then? :think:

TheMatrix_2

They told me I could apply for more just by sending a postal application and putting the Application Reference number of the first lot on the form and stating that I'm awaiting a holders number.

I only got my signature card yesterday, after applying on the 15th May. So if I'm going to have to wait another couple of weeks for the certificates I'd like to apply now before they sell out.

SecLender

Applied on the 12th of May and my certificate landed on my doorstep this morning. Happy days

adindas

Not sure but as Mamasonia has pointed it out. Probably because, at the moment the UK government can not find a better alternative from the markets than selling their certificates. They are not doing it for us, the savers&Investors they are doing it for their own good I suppose.

Honkycat wrote: »

So why have they brought them back then? :think:

Masomnia

adindas wrote: »

Not sure but as Mamasonia has pointed it out. Probably because, at the moment the UK government can not find a better alternative from the markets than selling their certificates. They are not doing it for us, the savers&Investors they are doing it for their own good I suppose.

Of course they are. The government is currently borrowing at between 3% and 4% from gilt markets. So don't expect anything too much above that, I'd say! Just my opinion though of course, based on an educated guess.

lisyloo

So why have they brought them back then?

They have brought back a worse deal (lower increment).
Also RPI is expected to fall.

They are still a good deal IMO but not as good as they were about 12 months ago.