LAST CHANCE. Post your energy-related questions on the 'Ask An Expert' board before the end of the day. Experts from MSE's Utilities team look forward to answering some of them
MSE News: NS&I pulls inflation-beating savings certificates
Former_MSE_Helen
Former MSE Posts: 2,382 Forumite
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 ..."
0
Comments
-
Twas always a question of time. I'm surprised they lasted so long.0
-
We got the last of our certs (five of them between the three of us) on Friday - whew!
I wonder when the next issue will be?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
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.0 -
Just missed the boat this time, as I was waiting a few more days for an account to mature. Grr.0
-
A chap from Fidelity International has suggested income seekers (savers), should now look at equities following the pulling of these NS&I certifcates (source, quote: Investoo.co.uk):
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!0 -
Newly_retired wrote: »Just missed the boat this time, as I was waiting a few more days for an account to mature. Grr.
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!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
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.0 -
I looked at the website within the last two weeks and it said words to the effect that this product would continue to be available into the future. I have gone to make a deposit today and it has been withdrawn. This is unacceptable.0
-
On the basis they have pulled it and the return is linked to the index it would suggest to me that inflation is not improving in the next 12 months.
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."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"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 Muruganantham0 -
Without wanting to be pernickety, why are these threads always placed on the main savings and investments area, and not the tax-free section where they belong?
Is it because MSE know that more people read here, and want more traffic to their main website?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
I looked at the website within the last two weeks and it said words to the effect that this product would continue to be available into the future. I have gone to make a deposit today and it has been withdrawn. This is unacceptable.
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.If the ball had gone in the net it would have been a goal.If my Auntie had been a man she'd have been my Uncle.0 -
Newly_retired wrote: »Just missed the boat this time, as I was waiting a few more days for an account to mature. Grr.
So was I - now I'll need a home for ££s when the endowment matures on Friday.:(0
This discussion has been closed.
Categories
- All Categories
- 338.8K Banking & Borrowing
- 248.6K Reduce Debt & Boost Income
- 447.6K Spending & Discounts
- 230.7K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 171K Life & Family
- 244K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards
