NS&I index linked saving certificates.

ffacoffipawb

Chris75 wrote: »

The calculator assumes that todays inflation rate continues for the remainder of the life of your bond. As todays RPI is lower than yesterdays it works on a lower multiplier for the remaining life of the bond hence the lower value. The figure that it gives is actually pretty useless unless you are very near maturity.

The calculator shows today's value. Not a projected maturity value.

ChesterDog

Mumof2, when you say "...request a valuation..." is this via the valuation option onscreen, or via an in-account request?

If former, I wasn't aware the Index-linked Certs could be displayed in your online account; mine aren't and I cannot see a way to add them.

JezR

Only the 'new type' of ILSC can be seen online.

Rollinghome

ChesterDog wrote: »

Mumof2, when you say "...request a valuation..." is this via the valuation option onscreen, or via an in-account request?

If former, I wasn't aware the Index-linked Certs could be displayed in your online account; mine aren't and I cannot see a way to add them.

It depends on when the cert was taken out or renewed. More recent issues, from 50th onwards iirc, can be seen online. Older issues, pre 20 September 2012 with a paper certificate, can't.

masonic

ChesterDog wrote: »

Mumof2, when you say "...request a valuation..." is this via the valuation option onscreen, or via an in-account request?

Apparently, "on the online calculator"

lisyloo

I go to two places to get my valuations.
For the newer certificates I go to my on-line account and there is a link which I think is called "valuations".

For the older ones I go to this link
http://www.nsandi.com/ilsc-calculator

The details and limitations are detailed there.

Ballard

apt wrote: »

The 90 day interest penalty only applies if you invested or renewed after 20 September 2012.

Okay, I'm not losing my marbles so that's good news. I did remember one of the big selling points of these was penalty free access annually.

I think that on balance I'll let them run their course and look at what to do in May 2016. If RPI is around the 1% mark as suggested by some posters then that wouldn't make a terrible return in these low interest times. I'm 20 years off retirement age so the new [STRIKE]vote-winning[/STRIKE] pensioner bonds aren't an option.

Thanks everyone for the replies.

alexmcleodnairn

I've had a 5 year index linked certificate since May 2011 which I check monthly.
Up until now I have had no real problem with the NS&I calculator.
However, this month although RPI increased the projected value of my certificate decreased substantially.
Previously, as one would expect, the value had only fallen because RPI had fallen.
Any ideas???

polymaff

Ballard wrote: »

I'm 20 years off retirement age so the new [STRIKE]vote-winning[/STRIKE] pensioner bonds aren't an option.

Which, as there is no such thing, doesn't really leave you at a disadvantage, does it? :T

polymaff

alexmcleodnairn wrote: »

I've had a 5 year index linked certificate since May 2011 which I check monthly.
Up until now I have had no real problem with the NS&I calculator.
However, this month although RPI increased the projected value of my certificate decreased substantially.
Previously, as one would expect, the value had only fallen because RPI had fallen.
Any ideas???

It depends upon how the NS&I projects, and what you both mean by projection! If you (both) mean the value at the end of the 5-year term, and the projection method is reasonable then it really shouldn't have decreased "substantially" - whatever that means.

For reference, the effect of the latest RPI figure on my 5-year May 2011 ILC - assuming that same figure to apply to the end of the term - has been to reduce this £15,000 bond's end-of-term valuation by 27p