NSI ILC's first year

RobStaffs

£15000 pays £573.Quite happy with that as it is tax free.

Masomnia

So about 3.8%, not too shabby at all.

Ifts

Good going considering its tax free.

Il find out next month what the latest issue has returned for me as I didn't take them out till June-11.

Saw this article over on Citywire.co.uk discussing NS&I index-linked bonds:
NS&I: how much are my index-linked bonds worth?

kidmugsy

Yup, and you got insurance against runaway inflation thrown in. Pretty satisfactory.

castle96

end of my first year too. Can I let it just 'run on', month by month...?

nearlyretired2004

I was expecting a similar figure - my anniversary 20th May - but I phoned them and they said now they have latest RPI figures and have reduced interest to circa £511 .......

Ifts

nearlyretired2004 - Online calculator still showing £573 and says 'This calculator was updated with the latest Retail Prices Index (RPI) figure, announced 17 April 2012' so looks like they ain't updated the online calculator with the latest RPI figures that they based your return on.

oops! sorry nr2004 - I just realised you were trying to find out if RobStaffs had based his £573 return on the online calculator or had got that figure over the phone from NS&I.

nearlyretired2004

£511 ish was def the figure given to me over the phone (see my post above) - but now the website has been updated with the latest RPI and the calculator is still showing a much higher figure !!! feel another call to NSANDI coming on ..... has anybody else actually called and got a quote from them (my ILSC's purchased on 20th May2011)

pqrdef

My experience of the call centre is that they're very pleasant and competent-sounding and totally disconnected from the real operation, so you can't believe a word they tell you.

Certs bought in May, anniversary interest based on March RPI announced April, 3.57% + 0.25 % = 3.82% = £573 on £15K.

Certs bought in June, anniversary interest based on April RPI just announced, 3.46% + 0.25 % = 3.71% = £556.50 on £15K.

The online calculator won't give accurate figures based on the latest RPI because the certs that use the latest RPI haven't completed 12 months yet. For June certs, wait until 1st June and enter 1st June as purchase date.

nearlyretired2004

OK so the 'online calculator' asks for the date of purchase and the product. It has been updated with the latest RPI figures and shows a value of £15,687 for 15K of 5 year certificate bought on 20th May 2011.

Give EXACTLY the same info to the call centre and they come up with a different number again ..... and not the £15,511 I was quoted last week either !!

Are these the people who will actually calculate my interest and how can I trust their numbers???

And if the call centre's is the 'more accurate' tool, why cant they put that on their website, as they are only asking for exactly the same info as mentioned above.......

pqrdef

nearlyretired2004 wrote: »

OK so the 'online calculator' asks for the date of purchase and the product. It has been updated with the latest RPI figures and shows a value of £15,687 for 15K of 5 year certificate bought on 20th May 2011.

That includes the extra month that you'll get if you wait until June 20th to cash in, based on the April RPI figures just announced.

nearlyretired2004 wrote: »

Give EXACTLY the same info to the call centre and they come up with a different number again ..... and not the £15,511 I was quoted last week either !!

£15,511 is barely more than 3%, so impossible to arrive at by any reckoning. Perhaps the adviser miskeyed.

nearlyretired2004 wrote: »

Are these the people who will actually calculate my interest and how can I trust their numbers???

If you cash in, the real computer will calculate what to pay, not the website or the call centre.