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

veryintrigued

10_66 wrote: »

I have a 5 year Index Linked Saving Certificate that's due to mature in May this year. I've not had one of these before so not familiar with them. If I choose to re-invest it do I still receive an interest payment or is the earned interest rolled over into the next certificate?

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

You can renew up to the total value of your maturing Certificate, including all the interest and index-linking you earned. Or you can cash in some of your investment and renew the balance. You won’t be able to add any extra money to your Certificate.

polymaff

10_66 wrote: »

I have a 5 year Index Linked Saving Certificate that's due to mature in May this year. I've not had one of these before so not familiar with them. If I choose to re-invest it do I still receive an interest payment or is the earned interest rolled over into the next certificate?

The former. The new certificate will be a completely new one using whatever amount you choose to re-invest

veryintrigued

Bumping this up in advance of next Tues inflation figures

le_loup

Erm.
Why not do that when the figures are released?

veryintrigued

le_loup wrote: »

Erm.
Why not do that when the figures are released?

'Erm' so we don't get a multitude of 'What should I do with my NS&I 5 year cert' type of threads like almost every month.

Or do you prefer these duplicate threads?

le_loup

Sound reasonable. Thanks for explaining.

veryintrigued

Calculator updated

I get 0.53% up from last month.

14.52% growth so far.

http://www.nsandi.com/ilsc-calculator

Sea_Shell

When these mature (mines June), will you get an itemized statement showing interest in each period, or just one new total? anyone know?

polymaff

Notifying estimates for the maturity of post-11th May 2011 5yr ILSCs should start to be issued soon. My belief is that, for a £15k certificate this will be £17,191.61 - give or take a penny or two.

That's an AER of 2.8% - an ILSC rate one can only dream about, nowadays.

The actual maturity figure will be calculatable after the next release of RPI data on 12th April.

@seashell: You'll just get a redemption value.

LXdaddy

Sea_Shell wrote: »

When these mature (mines June), will you get an itemized statement showing interest in each period, or just one new total? anyone know?

If this is a 5yr investment which is maturing shortly you will get a single figure which is the value at maturity.


You actually get a forecast about a month before maturity which is based on the (at that point) latest Index but it says the actual value will be calculated at maturity using the Index as appropriate at that date. This message is asking what you want ot do at maturity - options of roll over into the same type of certificate at the then current interest rates, roll over into a different term, take a full withdrawal, or combinations of the above.


Newer investments get an annual statement of indexation gain and interest earned on the anniversary dates.