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MSE News: NS&I pulls inflation-beating savings certificates
Former_MSE_Helen
Former MSE 2.4K Posts
This is the discussion thread for the following MSE News Story:
"Government bank National Savings & Investments has today axed its tax-free, index-linked savings certificates ..."
"Government bank National Savings & Investments has today axed its tax-free, index-linked savings certificates ..."
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I wonder when the next issue will be?
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
According to Dominic Rossi, Chief Investment Officer of Equities at Fidelity International, equities may be the ideal ‘replacement’ for those seeking income: “Savers needing income should look at equity markets. Since the global financial crisis, many good quality companies have been rebuilding their balance sheets and generating strong cash-flows and good profits. Even if equity markets are showing volatility in growth, equity funds can provide a good alternative source of income. For the last 20 years, investors have bought equity markets for capital growth, but now is the time to buy equities for income.”
Interesting thoughts, anyone got any other good ideas for 'alternatives'? Well it's not really an alternative, need another option!
What a bummer. It was a bit touch and go for us, and my wife kept asking why I was cracking the whip to get everything done and dusted.
We just managed to get a Coventry Poppy account before they were pulled too - good timing for once!
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
When introduced the ere hoping it was on the way down as the return is linked to the index not monthly rate.
Perhaps I am just cynical.
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
Is it because MSE know that more people read here, and want more traffic to their main website?
NS&I certifcates are always a limited issue and it was widely predicted when they were re-introduced in May that they would not be on sale for very long. They only specified they anticipated them being available for a very vague undefined "sustianed period".
I'm suprised they took as long as 4 months to withdraw them though I suspect capping the investment at only £15k per person, stopping people filling their boots, meant the lending limit wasn't reached much more quickly.
So was I - now I'll need a home for ££s when the endowment matures on Friday.:(