NS&I index linked certs

ses6jwg

oneilly wrote: »

With inflation dropping below ISA rates is it time to sell up?

Ive got some paying RPI + 1% which expire in January.

I'll probably still reinvest

lisyloo

With inflation dropping below ISA rates is it time to sell up?

I would say no as I think the trend is upwards.

castle96

is it possible to PART encash, or must you cash the lot in ?

Vortigern

castle96 wrote: »

is it possible to PART encash, or must you cash the lot in ?

You can encash part of your holding. See part 6 of the form at the following URL (pdf, needs Adobe Acrobat reader or similar)

http://www.nsandi.com/files/asset/pdf/reinvest-cash-in-savings-certs.pdf

castle96

"As you may be aware, the terms and conditions on Savings Certificates havechanged.If your certificate has NOT matured since September 20th 2012, you can cashin part of your certificate without penalty by completing a withdrawal form.If your certificate HAS matured since September 20th 2012 and beenreinvested, you can cash in part, however you will loose 90 days worth ofinterest and will receive no index linking for the full investment year onthe whole investment.Kind regards,Michael ColemanNS&I Blackpool"


bit confusing... I invested 14 mths ago with a max 5 yr term. So it has not ? 'matured' ??

le_loup

No, it matures 5 years from the start date.
T&Cs cannot be retrospectively altered.

milton19700

Hi - looked at the NS&I website ... not as clear as it could be !!:mad:

I have Index Linked 48th Issue bonds (RPI plus 0.5%)

Appreciate the whole valuation approach but using latest estimates can anybody state what rate I am receiving today.

i.e. What is current effective RPI (or previous published) applicable ?

Nicholas-bloody-Parsons

I split my purchase in half. Quite interesting how 2 weeks has affected the value...

If you invested in(first week of) June 2011, Issue 48 worth: £15,688.50
If you invested in (last week of) May 2011, Issue 48 worth: £15,820.50

The online calc is here:

http://www.nsandi.com/savings-index-linked-savings-certificates-calculator

Nicholas-bloody-Parsons

Septembers RPI is 2.6%. So this month Issue 48 is paying 2.6+0.5 = 3.1%

Which is equal to the best savings accounts and better than most savings accounts!

http://www.ons.gov.uk/ons/index.html


Edit:
No its better, cos its tax free for tax payers..... youd need to find an account paying 3.9% before tax to better this baby!

milton19700

Thanks NBP understand that I can get a valuation for passed performance ... my question is what I am earning today (rather than have earned) .. is there a way to estimate that

To allow comparision with other investment options