So what happened to the NSI are broke thread?

ChiefGrasscutter

Well, Well
The thread was just starting to get interesting....as they do!

I was writing another reply......whereupon I find I've been blocked as the thread has totally vanished while I was actually writing it.
Checking my history in firefox brings up an invalid thread and its been deleted from the OP's list of posts.

Oh well, ....it was a load of rubbish anyway.............

dunstonh

it was a load of rubbish anyway.............

probably why it got pulled.

cinderfella

Makes you wonder though whether NS&I complained ?
Rubbish or not there was little point in pulling the thread.
Many people move while their bonds are maturing. I think the least NS&I can do, is change their approach when dealing with clients/savers overseas.
Electronic attachments, downloadable forms should facilitate the speedy return of money needing to be returned to savers.
It is not good enough in this day & age to rely on snail mail.
If somebody has been good enough to deposit funds with a government institution for three years, the least I would have thought that institution can do is ensure the return of those monies by the quickest possible means.
Otherwise, in my opinion they are not playing fair by what could be construed as 'delaying tactics'.

Incidentally I do not think the vast majority of the British public realise just how much this government has borrowed in the past few years. If interest rates were to rise there could be a significant problem posed in financing the debt. I appreciate that interest rates look to remain low in the near future but situations can change fairly quickly.
Another Cyprus perhaps. Scoff if you like but it is food for thought & taken very seriously by many leading economists.

In the future my savings will be placed in a resource rich country like Australia or suchlike. I have no intention of allowing my savings to take a haircut as was the case in Cyprus for bigger investors. There is no doubt in my mind that although the UK is not broke (since it can borrow), there may well come a day of reckoning or another Cyprus scenario.

Glen_Clark

dunstonh wrote: »

probably why it got pulled.

I hardly think so. If all the rubbish on here got pulled how much would we have left

cinderfella

A word of warning for people who have moved & are about to have their investment bond mature in the near future.
In my own case I was not told about a form that can be downloaded from the NS&I site. That is, not until several calls later, emails & correspondence included, in fact over a month later. I was in fact sent a form which took three weeks to arrive to Cyprus, no mention at the time about a downloadable form.So it would seem that NS&I can be very unhelpful depending with whom you are dealing with.
A bit of a shambles I would call it to put it nicely & over €10 in phone calls.
Be warned also that if you do not chase up your matured bond within one month of maturity, it will be rolled over into a new investment. You will then be charged three months penal interest for withdrawal if you enquire about your matured bond say five weeks after the initial maturing date.
It also takes about 10 days to transfer the monies into your account after they have received your bank details. It all seems a very drawn out affair compared to the way banks refund short term bonds on a precise day.
I am quite aware of all the variables involved but even for a professional person like myself, it can still be an infuriating experience.