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

ffacoffipawb

6022tivo wrote: »

I have just had a letter of my 5 year maturing.

Have the option to automatically reinvest in a 5yr +0.1% or I can choose a 3yr +0.1%

How I see it, I may as well switch to the three year. Don't see the point of the 5 year at this stage?

The renewal offer in 3 years can't be much worse?

It's + 0.01% isn't it?

KTF

Yes, 0.01%

polymaff

AnotherJoe wrote: »

Are you looking at the interest rather than the RPI figure .. Because i don't recall inflation being 15x what it is now only 3 years ago.

Correct, I was writing about the fixed interest element, aka coupon, on the investment. Was 0.15% for the issue in question - now a miserable 0.01%.

Sorry if I confused you.

chess_010

It is worth keeping investment in NSI savings or is it best to cash in the current issue which is maturing now and new saving rate is so low. better in another savings provider?- any recommentations of where to put money?

junebaby

My husband and my ILSCs matured today. Money has been paid into our bank account but we have both received different amounts.

Five year investment of £15000 both taken out on 13 May 2011. £17,191.60 for one and £17,263 for the other. Phoned NS&I who said we need to write in separately. Any idea why?

typistretired

polymaff wrote: »

You'll find the answer to the AER way back in post#290 to this thread. By the way, that £3438.32 is not the redemption value for a £3k cert, I believe. You will find that it redeems at £3452.75 give or take a few pennies.

Oh, and if you can't wait to scan back to the mid-April posts, the AER was 2.851%

Don't know how you worked it out but you were only 1p out £3452.74 was paid into my bank today. Well done!!!

How much do you think my £8000.00 one which matures on 26th May will actually mature at?

KTF

junebaby wrote: »

My husband and my ILSCs matured today. Money has been paid into our bank account but we have both received different amounts.

Five year investment of £15000 both taken out on 13 May 2011. £17,191.60 for one and £17,263 for the other. Phoned NS&I who said we need to write in separately. Any idea why?

I took mine out on the 11th and received £17,263.

When you filled in the form did you tick the box for 'transfer the difference if the maturity value is higher than the estimate'?

junebaby

That could be it! We rolled the original £15,000 over for another 5 years and wanted to withdraw the interest. I thought I had filled them in the same but maybe I missed that box on one of them. Will wait for new certificates and statement to arrive.

Many thanks

polymaff

typistretired wrote: »

Don't know how you worked it out but you were only 1p out £3452.74 was paid into my bank today. Well done!!!

How much do you think my £8000.00 one which matures on 26th May will actually mature at?

I have a better understanding of how ILSCs work than most and so was able to publish the redemption value and AER ahead of the official statements. The figure you quoted for the £8k's redemption, £9,207.32, is correct - again plus/minus a penny or two.

Ballard

Am I correct in thinking that the funds arrive on the maturity date then? I was pessimistically thinking that it'd be sent by BACS on maturity and take another couple of days.