NS&I 5 year index linked saving certs 2011 issue - half way point!

veryintrigued

So with the RPI data released today (and the NS&I website probably updated tomorrow) thought I'd just check how these are 'performing' after two and half years.

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

On last months stats mine look as if they've made 3.66% per year over this period (non compound).

Interesting to see what they've made on tommorows updated stats.

Steady growth - nothing remarkable but tax free and better than most other options.

gadgetmind

My wife and I each did two full issues of those linkers just before they were stopped and I'm jolly glad we did!

KTF

veryintrigued wrote: »

Steady growth - nothing remarkable but tax free and better than most other options.

Sums them up well. Unless something drastic happens I will be keeping mine for the full term.

Glen_Clark

veryintrigued wrote: »

So with the RPI data released today (and the NS&I website probably updated tomorrow) thought I'd just check how these are 'performing' after two and half years.

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

On last months stats mine look as if they've made 3.66% per year over this period (non compound).

I make it more than that

typistretired

Glen_Clark wrote: »

I make it more than that

What are your calculations??

KTF

typistretired wrote: »

What are your calculations??

Mine has increased 9.19% over the 2 and a half years which is an average of 3.67% over the 2.5 years.

veryintrigued

NS&I calculator updated just now.

Hence at the half way point mine has made 3.69% per year - non compound.

Tagarete

Hi
I'm new here, and going to ask a stupid question, please excuse my ignorance!
Ok, I have an NS&I fixed interest savings certificate, which reaches the end of its term on 18 nov. If I don't do anything, it'll start a new 5yr term at a rate of 1.60% pa AER, it's called 102nd issue.
I'd like to know what the difference is between my savings certificate and an ISA? Been reading on the MSE newsletter about various kinds of ISAs and am rather confused, there seem to be some good rates of up to 2% interest, which sounds better than my 1.6%. But the small print on my NS&I mentions 2% basic rate/2.67% higher rate and 2.91 additional rate, I have no idea what all this means. Would it still be a good investment to leave the money in for another 5 yr term? I don't need access to it. Don't want to lose out by being lazy and uninformed
Thanks

veryintrigued

Tagarete wrote: »

Hi
I'm new here, and going to ask a stupid question, please excuse my ignorance!
Ok, I have an NS&I fixed interest savings certificate, which reaches the end of its term on 18 nov. If I don't do anything, it'll start a new 5yr term at a rate of 1.60% pa AER, it's called 102nd issue.
I'd like to know what the difference is between my savings certificate and an ISA? Been reading on the MSE newsletter about various kinds of ISAs and am rather confused, there seem to be some good rates of up to 2% interest, which sounds better than my 1.6%. But the small print on my NS&I mentions 2% basic rate/2.67% higher rate and 2.91 additional rate, I have no idea what all this means. Would it still be a good investment to leave the money in for another 5 yr term? I don't need access to it. Don't want to lose out by being lazy and uninformed
Thanks

If I were you I'd add a new thread asking this specific question.

This thread is about the index linked bond rather than the fixed rate - I'll change the title to make it clear.

At first glance though although its (1.6%) a poor rate (esp for 5 years fixed) the product you have is tax free and is in addition to your ISA allowance (which have equally poor rates available at the moment).

Good luck.

Tagarete

OK, thanks

Looter

Does anyone know when the RPI calculator gets updated on the NS&I website? RPI data was released on Tues but it's not on yet.