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

veryintrigued

Gaaraz wrote: »

Invested £15k back in July 2011....when they do expire? Thank you

If you mean 'when does the term end?' add the amount of years you agreed to invest them to July 2011.

PS was it as late as July 2011?

polymaff

veryintrigued wrote: »

Calculator has been updated


(Mine is) up to its highest value which is 13.32% increase from the value and invested and .63% up from last month.

Sorry - what is 0.63% up?

polymaff

Gaaraz wrote: »

... As far as I know I can easily renew them with the same terms (inflation plus 0.5%) when they do expire? Thank you

You don't know - unless you've got VERY good contacts.

Let's hope so.

masonic

polymaff wrote: »

Sorry - what is 0.63% up?

The broken NS&I calculator, if compared with what it said last month. I'm not quite sure how, since RPI has fallen from 258.9 to 258.6.

talexuser

My result shows the same increase 16893 to 17002!

polymaff

masonic wrote: »

The broken NS&I calculator, if compared with what it said last month. I'm not quite sure how, since RPI has fallen from 258.9 to 258.6.

Yes, but WHAT is 0.63% up on WHAT, I wonder. The same bond's calculated redemption value after the 18/8/15-announced RPI versus the same value using the RPI immediately before? And is this from the estimator or from an "accurate valuation"? Just trying to make sure I understand what I may criticise.

veryintrigued

polymaff wrote: »

Yes, but WHAT is 0.63% up on WHAT, I wonder. The same bond's calculated redemption value after the 18/8/15-announced RPI versus the same value using the RPI immediately before? And is this from the estimator or from an "accurate valuation"? Just trying to make sure I understand what I may criticise.

No need to wonder - have a read of the thread!

Its all based on the NS&I calculator which is updated once a month.

Jury out on whether its accurate - can you add anything to whether you think it is (for the 2011 edition)?

polymaff

veryintrigued wrote: »

No need to wonder - have a read of the thread!

Its all based on the NS&I calculator which is updated once a month.

Jury out on whether its accurate - can you add anything to whether you think it is (for the 2011 edition)?

You could just be helpful and answer the questions.

If it is the estimator, then - even as an approximate estimator - I'd question what products from any savings institution are currently appreciating at 0.63% per month - let alone the very conservative NS&I products.

My own system doesn't calculate intermediate redemption values, but the effect of the July RPI on the NS&I-algorithm-based method for computing an estimated maturity value of my 5-year, 19th May 2011, Issue 48, £15,000 bond is the princely sum of 20p. (to £17,172.67)

EDIT: Just made a rough calculation from my spreadsheet data. The redemption value of my bond fell from £17,011 if redeemed in August to £17,003 if redeemed in September. (figures rounded to nearest pound)

Gaaraz

Thanks veryintrigued, I know they expire 5 years after I put the money in, I was just wondering about how easy it is to renew them once it hits that 5 years. I've literally not had a single piece of correspondence from them since I invested over 4 years ago.

polymaff

Gaaraz wrote: »

Thanks veryintrigued, I know they expire 5 years after I put the money in, I was just wondering about how easy it is to renew them once it hits that 5 years. I've literally not had a single piece of correspondence from them since I invested over 4 years ago.

For these pre-2012 certs you won't hear from them until about a month before maturity.