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

6022tivo

Ok, so with the recent events, these are very good to keep hold of at the moment.
Devalued pound equals more expensive goods, so the RPI will increase over the next 6-12 months and onwards. If the BOE have to create more stimulus, this will also devalue the pound, increasing prices and therefore RPI.

Is my thinking correct?

polymaff

6022tivo wrote: »

Ok, so with the recent events, these are very good to keep hold of at the moment.
Devalued pound equals more expensive goods, so the RPI will increase over the next 6-12 months and onwards. If the BOE have to create more stimulus, this will also devalue the pound, increasing prices and therefore RPI.

Is my thinking correct?

Reasonable, but the joker in the pack will be if NS&I decide to switch index - which, by their T&Cs, they have every right to do.

beefturnmail

6022tivo wrote: »

Ok, so with the recent events, these are very good to keep hold of at the moment.
Devalued pound equals more expensive goods, so the RPI will increase over the next 6-12 months and onwards. If the BOE have to create more stimulus, this will also devalue the pound, increasing prices and therefore RPI.

Is my thinking correct?

I've already sent off the form saying I want mine cashed in when it matures on July 14. Can I change my mind...?

KTF

beefturnmail wrote: »

I've already sent off the form saying I want mine cashed in when it matures on July 14. Can I change my mind...?

Why not call them and ask?

guitarman001

Hmm, what with Brexit, I maybe should have held onto these...

However I cashed them in. Sort of feels weird not having them.
Plan is to go P2P and have been investing curing recent market crash.
Also open a joint Santander123 account for excess.

gadgetmind

Yes, I was going to cash in, but Brexit took 10% off my bonds overnight with the drop in sterling, so I'm now going to hang tight and wait for the inflation to roll in.

redmalc

i am glad i held on to ours because inflation is just around the corner

badger09

I also rolled mine over. Didn't have anywhere better for it:(

balf

RPI 1.9% now and likely to go higher. 5 year renewal a must now, what, what?

David.

polymaff

balf wrote: »

RPI 1.9% now and likely to go higher. 5 year renewal a must now, what, what?

Plus, alternative rates plummeting - Santander 123 down to less than half their current return from November.

It was always a no-brainer for many to stay in ILSCs. The only credible risk is that NS&I may abandon the current ONS RPI for something significantly lower.