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

[Deleted User]

Well, I've posted my maturity form back (maturity date 14 May). I couldn't decide between 3 and 5 years for reinvestment term, so have gone for approx 50/50 compromise, with £9K for 3 years and balance (a bit over £8K) for 5 years.

whattochoose

I've completed the form and posted it today in the 1st class pre-paid envelope provided by National Savings.
I'm cashing in and have requested that everything is paid by direct debit into a bank account I've nominated.
As the maturity date is the 14th May, can I assume the money will be credited to my bank account shortly after this date?
Thank you.

AnotherJoe

masonic wrote: »

I'd argue that rental prices are not correlated with house prices and in fact house price inflation is much more volatile than rental price inflation, the latter being relatively stable.



More discussion here: http://www.economicshelp.org/blog/9465/housing/factors-affect-cost-private-renting/

Of course, while mortgage interest costs are factored into RPI, rental costs are not, so even if rental costs and house prices were correlated, this wouldn't factor house prices into RPI.

Hah ! Ugly facts destroy my neat theory :mad:

Very interesting (and unexpected to me). Thanks.

veryintrigued

veryintrigued wrote: »

Ditto here that no sign here too.

Mine was take out on the 25/5/11 so maybe its in calendar order.

For those who've received the renewal paperwork I'd be interested to know which day in May 2011 they took this out.

[Deleted User]

veryintrigued wrote: »

For those who've received the renewal paperwork I'd be interested to know which day in May 2011 they took this out.[/QUOTE

Mine was taken out on 14 May 2011. Renewal paperwork received on 16 April.

polymaff

veryintrigued wrote: »

For those who've received the renewal paperwork I'd be interested to know which day in May 2011 they took this out.

Maturity Date: 19th May
Letter Received: 16th April
Letter Dated 13th April.

.. and this was the final valuation, not the estimate

blindman

polymaff wrote: »

Maturity Date: 19th May
Letter Received: 16th April
Letter Dated 13th April.

.. and this was the final valuation, not the estimate

Same maturity date
Got nowt so far :eek:

onomatopoeia99

I got my letter at the end of last week, am redeeming the lot, same just over £17k figure as others have mentioned.

Worked it out as just over 2.75% p.a. interest over the term (tax free, obviously), if my use of logarithms to back calculate the compound interest rate was correct.

GreenBitterfly

veryintrigued wrote: »

For those who've received the renewal paperwork I'd be interested to know which day in May 2011 they took this out.

Either the 12th or the 22nd May 2011 (I've got the exact date written upstairs), and received the renewal letter on the 16th April.

gadgetmind

Daughter has decided to cash hers in. She bought a house a few months ago, and the lion's share of the cash will probably go on reducing the size of her loan, and the rest will be retained to fund repairs and improvements.

Ours come to the end of their 5yr term in August and we'll probably roll them into new ones but with a shorter term.