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

veryintrigued

moneyfoolish wrote: »

How is that possible? I've just run mine through the calculator and my increase is 10.75% and I've had mine for just over 3 years and 8 months.

It is what it is.

Care to share your initial deposit and value now?

moneyfoolish

veryintrigued wrote: »

It is what it is.

Care to share your initial deposit and value now?

I put in £15,000 on July 13th, 2011 and according to the calculator it is now worth £16,612.50 which is an increase of 10.75%. My investment term is 5 years and the calculator says it is based on the RPI index as at 24th March, 2015. I last ran the calculator in early January and it then told me the value was £16,645.

veryintrigued

moneyfoolish wrote: »

I put in £15,000 on July 13th, 2011 and according to the calculator it is now worth £16,612.50 which is an increase of 10.75%. My investment term is 5 years and the calculator says it is based on the RPI index as at 24th March, 2015. I last ran the calculator in early January and it then told me the value was £16,645.

Ok so your maths are right

Mines sat at little over 12% increase right now (the earlier post you quoted was from January).

Take a look at the RPI for June, July 2011. Not great!! I took mine out in May 2011.

moneyfoolish

veryintrigued wrote: »

Ok so your maths are right

Mines sat at little over 12% increase right now (the earlier post you quoted was from January).

Take a look at the RPI for June, July 2011. Not great!! I took mine out in May 2011.

But that means yours included the June and July 2011 RPI figures whereas mine would only include July so the only way I could see your being so much better would be a very high RPI figure for May? I guess your May and June figures are high which help with averaging out against the lower figures we're getting now so that makes sense.

veryintrigued

moneyfoolish wrote: »

But that means yours included the June and July 2011 RPI figures whereas mine would only include July so the only way I could see your being so much better would be a very high RPI figure for May? I guess your May and June figures are high which help with averaging out against the lower figures we're getting now so that makes sense.

Oops!! You're right - its the two month date differential of taking these out thats causing the skew for sure.

I defo need some sleep!

cepheus

It's how much interest you are likely to make in the future not the past that matters, and inflation is unlikely to move back up quickly. Unless you are a higher rate taxpayer, and with the new tax changes on savings coming in, these are no longer a good 'investment'.

I'll not be renewing any of mine as they mature, unless inflation takes a leap.

schiff

I bought Issue 47 in May 2010. I have monitored the value only occasionally. The flat annualised interest rate was 5.83% in May 2012, 5.29% in December 2012, 4.87% in August 2014 and 4.73% in January this year. At all stages I was happy with my investment, still am actually.

But the total value has gone down a few pounds from January 2015 to this month. My investment matures in May and I can't imagine the terms for any rollover will be very exciting, so it possibly makes sense to cash in now and do something else. Inflation seems to have reached a low which may continue. My investment date was the 21st so I get my interest for March as well.

Any comments?

le_loup

Did you put the money in for a great interest rate or as a hedge against inflation? If the former, get out; if the latter, stay put.

veryintrigued

schiff wrote: »

I bought Issue 47 in May 2010. I have monitored the value only occasionally. The flat annualised interest rate was 5.83% in May 2012, 5.29% in December 2012, 4.87% in August 2014 and 4.73% in January this year. At all stages I was happy with my investment, still am actually.

But the total value has gone down a few pounds from January 2015 to this month. My investment matures in May and I can't imagine the terms for any rollover will be very exciting, so it possibly makes sense to cash in now and do something else. Inflation seems to have reached a low which may continue. My investment date was the 21st so I get my interest for March as well.

Any comments?

Agree that the 'RPI + figure' wont be great but if it were me I'd be holding onto them.

Gives me a little diversity, a little security (with the RPI and the '+ figure'), I dont need this part of my money right now, it's tax free and IMO (finger in air) suspect we may have hit the bottom regarding inflation.

masonic

schiff wrote: »

But the total value has gone down a few pounds from January 2015 to this month. My investment matures in May and I can't imagine the terms for any rollover will be very exciting, so it possibly makes sense to cash in now and do something else. Inflation seems to have reached a low which may continue.

The index went up 0.5% between January and February. It has not yet returned to its October 2014 high of 257.7, so further short-term upside is likely as the temporary downward pressures ease off.