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MSE News: NS&I inflation-beating savings to return
Comments
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So much for 'Register your email address if you want us to let you know when ILSCs are back on sale'.
Usual hopeless administration at NS&I!0 -
you'll receive your news email from NS&I to alert you to the fact that ILSCs are now back on sale soon, ........... just before the one telling you that due to unprecedented demand they are now being taken off sale again.
;-(
PR0 -
Pinner_Ram wrote: »you'll receive your news email from NS&I to alert you to the fact that ILSCs are now back on sale soon, ........... just before the one telling you that due to unprecedented demand they are now being taken off sale again.0
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Two caveats I see with more perusal:
1. The non-indexed interest rate starts at a very low 0.05%, and stays low until the last two years. This seems a more "exponential" rise than previous issues, which punishes early withdrawals more.
It's low, but not quite that low surely?
http://www.nsandi.com/savings-current-interest-rates-year-year-rates
says:
Year 1 = RPI + 0.25%
Year 2 = RPI + 0.35%
Year 3 = RPI + 0.40%
Year 4 = RPI + 0.65%
Year 5 = RPI + 0.86%
but yes, that's clearly intended to discourage early encashment.Stompa0 -
I just got my email from NS&I at 9:59am.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Is it worth it?? Seems pretty rubbish to me.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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The media are all giving the impression that the new index linked investment is ALL of RPI + 0.5% ie 5% ++
WRONG!!
The return is the growth in RPI index from 2 months before the purchase date, to the index on the anniversary date.
In their own example, year 1 is only 2.38% (+ 0.5%)
If the index drops, you get nothing (well only the + 0.5% bit)0 -
C_Mababejive wrote: »Is it worth it?? Seems pretty rubbish to me.
Tax free, government protected, protected from inflation and plus a smidgen more. Much more than you'll get from any savings account at the moment. The only way you'll lose (slightly) is if you need to cash in in the first year.0 -
Tax free, government protected, protected from inflation and plus a smidgen more. Much more than you'll get from any savings account at the moment. The only way you'll lose (slightly) is if you need to cash in in the first year.
Or if inflation abates and you'd have been significantly better off in fixed rate savings.0
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