NS&I Index-Linked Savings Cert

Upwind

My 3 year NS&I Index-Linked Savings Cert is coming to an end in early June and did pretty well. This was a 3 year cert for £15,000. It did pretty well as looking at a value of £17,235 on maturity.

I am able to re-invest the sum on maturity in another 3 year term. The only differences being that. The guaranteed rates of interest from the last term will have changed and there will now be penalties imposed if you cash in the certificate before the investment term ends and you don't earn any index-linking on the whole certificate for the investment year if you cash in on any amount.

I currently don't need the money (providing there are no major upheavals in my life) - so is this still a good long term deal and something to reinvest in?

Anyone else received this and considering what to do?

Any views appreciated.

ColdIron

Where else can you get index linked tax free savings? If you don't need the cash it's a no brainer to me

Chorlie

I'm in the same boat....

I don't need the money and the moment so I'm planning on just letting it roll over, I can't find anywhere that 100% safe that will give me a guaranteed 0.15% above RPI Tax Free.

At the moment RPI is about 3.3%, so I'd need a rate of 4.5% before tax (for a basic rate tax payer) which just isn't around and I've used my ISA this year so can't get Tax Free anywhere else also if I find an account that paid 4.5% unless its fixed it may go down in 12 months, if RPI goes up the 4.5% won't, while NS&I will but NS&I will go down if RPI does.

But overall, I think it's best to be sticking with NS&I.

Upwind

Thanks guys - I was of the same opinion, I just wanted the reassurance of the forum before letting it roll over.