NS&I certificates

ffacoffipawb

ffacoffipawb wrote: »

My November 2008 certificate has done well despite earning just 1% in year one due to negative RPI in September 2009.

I wonder when this latest issue will sell out. I wish it would so that another one can be issued and I can make another investment.

[Deleted User]

ffacoffipawb wrote: »

I wonder when this latest issue will sell out. I wish it would so that another one can be issued and I can make another investment.

Historically how soon after one issue closes does the next become available? Wikipedia looks to say yearly around April.

gadgetmind

ffacoffipawb wrote: »

I wonder when this latest issue will sell out. I wish it would so that another one can be issued and I can make another investment.

Shush yourself! I've got various funds moving around so we can do max ILSCs and am living in fear of them closing.

le_loup

Deleted_User wrote: »

Historically how soon after one issue closes does the next become available? Wikipedia looks to say yearly around April.

Wikipedia is often wrong. Like this case.
There is no pattern. There have been three in as many months and other times when it has gone much longer. When they need to attract more funds, the put out a new issue.

lisyloo

I read it that you can withdraw at any time within the first 12 months, but you'd get no interest?

Yes, you can withdraw at any time.
Sorry for any confursion.
I meant if you want a return you have to regard it as a 12 month min, but you're right you can get at it any time.

Shiloe

Quick question I am looking to grab some of these but all my savings [around £10340] is all tied up however as I had to open an extra easy access savings accounts [as I aim to save atleast £500 per month] could each month, providing they are still available, just opt to invest say £500 each time ? And build it up that way until they are withdrawn I know the downside will be the different maturity dates but I could sope with that to protect my money from inflation

Mr_K

Shiloe wrote: »

Quick question I am looking to grab some of these but all my savings [around £10340] is all tied up however as I had to open an extra easy access savings accounts [as I aim to save atleast £500 per month] could each month, providing they are still available, just opt to invest say £500 each time ? And build it up that way until they are withdrawn I know the downside will be the different maturity dates but I could sope with that to protect my money from inflation

Yes , you could invest £500 a time. However, if I understand you right, it sounds as though NSI may not be for you. Do you really want all your savings 'tied up' ? You can get hold of the NSI money anytime, but if you do that within the first year you won't get any interest. Maybe you should build up some instant access savings first ?

lisyloo

Yes, as long as you put in £100 then you can buy each month.
I buy monthly.

nrsql

Anyone notice that the index fell over the last month? From 235.2 to 234.7. Due to a corresponding fall a year ago the annual rate remains at 5%.
It means if you value your certificates they will have fallen in value over the last month unless the anniversary was last month and the gains were locked in.

Just thought it was a good illustration of the way they work and the difference between the annual rate and index.

masonic

nrsql wrote: »

Anyone notice that the index fell over the last month? From 235.2 to 234.7. Due to a corresponding fall a year ago the annual rate remains at 5%.

It's interesting that a fall in July's RPI figure is very common. I wonder what it is that causes this. There is normally also a fall in January, which perhaps can be explained by January sales affecting the price of some of the goods making up the index?