Ns&i

Moby

bigfreddiel wrote: »

this poster is having a laugh - no one can be so ignorant surely?

Why do you think everyone should know about NS&I? Some people are not interested in money matters...so they come on here to get some simple advice!

le_loup

True but I'd expect then to do just a little work themselves. They are clearly sufficiently computer literate to have found this site and to post a message.
How do they think we find out? Osmosis?

Layo909

Having looked at their website, it appears they provide savings accounts and investments opportunties.

Here's perhaps a better way of wording the original question - could people provide examples of how taking out savings accounts and investments has saved them (or made) more money than going elsewhere?

le_loup

Is this some sort of school project?

bigfreddiel

Layo909 wrote: »

Having looked at their website, it appears they provide savings accounts and investments opportunties.

Here's perhaps a better way of wording the original question - could people provide examples of how taking out savings accounts and investments has saved them (or made) more money than going elsewhere?

okay
since 2007 ilscs £30k -> £125k now
isas 2002 £7.2k -> £180k now
maxing out most years - me and partner

could have done better if i had made more effort - the above has bn no-brainer stuff - have to earn a iving going to work till I pickup my gold plated fs pension and lump sum next year - now that really is a no brainer!

bigfreddiel

le_loup wrote: »

True but I'd expect then to do just a little work themselves. They are clearly sufficiently computer literate to have found this site and to post a message.
How do they think we find out? Osmosis?

too bloody right

Layo909

I was on verge of putting money into Santanders Flexible ISA which pays 3.3% AER. I'm now considering putting money into the NS&I IlSC. On the NS&I website it states the latter account pays 'Index-linking + 0.5% AER' interest and therefore it is unclear how Santander's 3.3% AER compares to this. Any advice much appreciated, many thanks.

kidmugsy

You have to guess at future inflation rates to guess which is best. Or you may take the view that the whole point of saving is to protect the purchasing power of your money and the best - darn near the only - way to do that is with an ILSC. We've bought some anyway, without hesitation or deviation but with repetition.

ffacoffipawb

kidmugsy wrote: »

In the past I've held their Premium Bonds (introduced in Macmillan's time) and their Cash ISA (Chancellor Brown's sole good move?)

Two good moves. The second good move ended "Thank you and goodbye".

bigfreddiel

This month the nsandi calculator seems wrong to me

http://www.nsandi.com/savings-index-linked-savings-certificates?tabid=h

for example my £15k 3yr ilsc taken out on 25th may 2010 only gained £13, previous months its been an average of £40-£60 - anyone else noticed?