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

polymaff

guitarman001 wrote: »

... Definitely sucks to be holding cash right now.

Out of desperation I bunged it into Premium Bonds. Overdue a win - any win - so fingers crossed for Wednesday. :rotfl:

guitarman001

Desperation is the word !

badger09

guitarman001 wrote: »

Checked some of those out.
Still only £200-500 a month and you have to fully switch account so can't have them all. Definitely sucks to be holding cash right now.

Yes, its only £200 - £500 a month, however, I'm moving £2400pm into various RS at >3%.

They don't all require a switch in order to qualify for the RS.

Takes a bit of effort to set up, but if you don't think its worth it, that's up to you:cool:

guitarman001

I can do it but I've got about £88k in cash so they're all filled up and adding too much per month - there seems to be no product to meet my needs

guitarman001

That's me added two more regular savers to my absolute arsenal of accounts.

Still need to decide (very soon) whether to cash in these certs or not.

Still have way too much excess cash doing nothing.

AnotherJoe

guitarman001 wrote: »

That's me added two more regular savers to my absolute arsenal of accounts.

Still need to decide (very soon) whether to cash in these certs or not.

Still have way too much excess cash doing nothing.

This sums up my view that you should roll over for five years that I've posted in this thread before, but better and with more facts, than I've posted. And it seems very applicable to your circumstances as well.

http://monevator.com/rolling-over-nsi-index-linked-savings-certificates/

guitarman001

I've read that... but still undecided.
RPI.. 1.6% tax free. Still not fantastic.

missile

I have two £15,000 3 year bonds which have been rolled over from 2010. They are due to mature next month. The return has been 1.67% over the last 3 year term. I feel inclined to cash one and roll over the other.

AnotherJoe

guitarman001 wrote: »

I've read that... but still undecided.
RPI.. 1.6% tax free. Still not fantastic.

Where will you get that without risk given you have maxed out everything else ?

guitarman001

Nowehere.
Only other options are:

- buy assets or a new car
- take extra risk and buy shares