Is it worth withdrawing all funds from ISA and putting in NS&I Certificate?

Baldur

adindas wrote: »

But I am not going to put my cash ISA into N&S ....

I would hope not, if you are not even aware of the terms & conditions.

lisyloo

Good to know this ...
But I am not going to put my cash ISA into N&S ....

Ok, but please stop posting about stuff you don't understand as you could be mis-leading other people and that's really unhelpful.

bigfreddiel

adindas wrote: »

I might be wrong, I do not know ..

Why bother answering if you don't know?

bigfreddiel

bgscotty wrote: »

I know I would lose the tax-free 'wrapper' on the £15,000... but maybe it's worth it.

ILSCs are tax free.

bigfreddiel

adindas wrote: »

NS&I is only for 5 years, After five years where do you get the similar tax free product. You can not put it back into ISA.

.

After 5yrs the ILSC can rollover into a another 5yr ILSC and it doesn't affect you taking out another £15k's worth of ILSCs in the same issue.

No brainer

fj

parkranger

hello
Sorry if this has been mentioned before but read today in a letter to The Times that the new NS&I index linked saving certificates pay the increase in inflation plus 0.5 pct and not the actual inflation rate plus 0.5 pct. So instead of the expected approximate 5 pct plus savers will only get the increase in inflation (which might be les that 1 pct over the next year) plus 0.5 pct which is not as advised my MSE.
Who is correct

Parkranger

Sceptic001

Parkranger wrote: »

hello
Sorry if this has been mentioned before but read today in a letter to The Times that the new NS&I index linked saving certificates pay the increase in inflation plus 0.5 pct and not the actual inflation rate plus 0.5 pct. So instead of the expected approximate 5 pct plus savers will only get the increase in inflation (which might be les that 1 pct over the next year) plus 0.5 pct which is not as advised my MSE.
Who is correct

Parkranger

Oh dear, how many times do we have to go through this?:(
They pay the increase in RPI plus 0.5%. RPI stands for Retail Prices Index, not inflation. The increase in RPI is the same thing as the inflation rate. So if inflation is 5.2% they pay 5.2% (plus the fixed element).