MSE News: NS&I revives inflation-beating savings certificates

MarkFromCornwall

Stochasticity wrote: »

It fell as recently as the year from October 2008 through October 2009.

http://www.statistics.gov.uk/downloads/theme_economy/rp02.pdf

You're right. It fell from 217.7 to 216.0. I've learned something. Thanks.

s2John

£100 or £15000. How much would you put into this new scheme, if at all?

PParka

Just to double check........

Instead of buying 1 x £3000 savings certificate, I could buy 3 x £1000 savings certificates.
This would allow me to cash £1000 in at a time if necessary.

Thanks

s2John

Great idea, simple but clever. But will you actually invest?

noh

PParka wrote: »

Just to double check........

Instead of buying 1 x £3000 savings certificate, I could buy 3 x £1000 savings certificates.
This would allow me to cash £1000 in at a time if necessary.

Thanks

No need you can make partial encashments if required.
So you could buy one £3000 certificate and encash £1000 of it if you wish.

PParka

s2John wrote: »

£100 or £15000. How much would you put into this new scheme, if at all?

It depends how much you have to save.
Personally, I would use it a part of a portfolio of savings and investments, but not put everything in (just in case )

I'm going for the 3 x £1000 option.
My current 3 year ILSC at RPI + 1% seems to be doing OK.

PParka

noh wrote: »

No need you can make partial encashments if required.
So you could buy one £3000 certificate and encash £1000 of it if you wish.

Thanks. I didn't realise that was possible. Hopefully I won't need to cash any of it in. But who knows what could happen in the next 5 years.

Alon2wheels

What are the choices? I would appreciate to know what others think.
1. Mobilize cash Isa money into latest NS & I. May result in (slightly) higher returns?
2. Or risk Stocks and Shares ISA - higher/unpredictable/riskier?
I must admit I missed the previous certificate issue because of indecision.

s2John

I think I will go for the full 15K, but in 5 lots of 3k. I agree with PParka. dont put all your eggs in one basket. Who knows what will be available over the coming years. Come the next election campaign, maybe vote buying accounts with better % will be available.

ANGLICANPAT

wriggly wrote: »

I will be waiting till next Tuesday, when the new RPI figures come out. If the index is higher, I will buy then to get the March index as my starting point. If it is lower, I will wait till 1 June to get the April index as my starting point.

Hopefully, "sustained period" includes at least the beginning of June!

Unless the application forms are pre-dated for a particular month , perhaps you can grab the application form/s now, hoping that protects you from missing out if the offer is withdrawn suddenly , but then wait and choose your moment for sending it off, as you described?