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NS&I Inflation linked bonds - can I add to at any time?

On Moneybox Radio 4 the spokesperson from NS&I implied that you could apply for the bond but also add to it at a later date. However I have not seen this on their website- anybody got any info on this?

Comments

  • whu
    whu Posts: 23,461 Forumite
    10,000 Posts Combo Breaker
    You can buy them in lot's of £100 but you need the customer number from the first one before you can buy the rest upto a max of £15000
    Keep the Faith:cool:
  • Baldur
    Baldur Posts: 6,565 Forumite
    You can't add to a bond but you can buy separate bonds (minimum £100 each) up to the maximum holding of £15,000.
  • System
    System Posts: 178,434 Community Admin
    10,000 Posts Photogenic Name Dropper
    I bought some last week, and then today some cash I had realised came through, so I bought some more, taking the total up to the £15,000 max.
    I filled in the reference number from the first transaction, but it ignored that and just gave me a new bond with its own number.
    I don't think they literally mean "adding to" a bond, I think it means having separate bonds for each purchase. It would be difficult to work out the index linking if each bond had a mixture of different investment dates, and possibly part-withdrawals too.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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