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War Bonds

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Comments

  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    le_loup wrote: »
    Don't we all have "hopes of redemption"?

    No. In fact, I have a T-shirt that says "Unsaved" across the front in big red letters that I delight in wearing in certain parts of America.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • xylophone
    xylophone Posts: 45,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    https://www.gov.uk/government/news/chancellor-to-repay-the-nations-first-world-war-debt

    "The Treasury will redeem the outstanding £1.9 billion of debt from 3½% War Loan on Monday 9 March 2015

    The register of holders of 3½% War Loan is maintained by the gilt registrar, Computershare Investor Services PLC, and they will contact all registered holders in due course to make arrangements for the redemption payment."
  • Thanks Masomnia. It came as a complete surprise, I thought I would have it for as long as I wanted. I do not have a lot in it but the interest has been a nice little income that always seemed to arrived just as it was needed. I will miss it but as you say, I will get it back and will have to find somewhere else to save it.
  • JezR
    JezR Posts: 1,700 Forumite
    Part of the Furniture 1,000 Posts
    It has been callable any time after 1 December 1952. This is the original prospectus.

    I can remember the days when it traded under £20. It was under £80 around 18 months ago.
  • System
    System Posts: 178,390 Community Admin
    10,000 Posts Photogenic Name Dropper
    My grandfather bought £500 worth in 1917, presumably as a patriotic gesture.
    A bit like hammering a nail into Hindenburg's wooden effigy, and just as poor an investment.
    £500 would have bought a decent house in 1917.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • JezR
    JezR Posts: 1,700 Forumite
    Part of the Furniture 1,000 Posts
    He would have had the opportunity of getting the money back in 1932.
  • AndyPK
    AndyPK Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    AliG123 wrote: »
    Thanks Masomnia. It came as a complete surprise, I thought I would have it for as long as I wanted. I do not have a lot in it but the interest has been a nice little income that always seemed to arrived just as it was needed. I will miss it but as you say, I will get it back and will have to find somewhere else to save it.

    Mmm we live in interesting times!

    I mooted the idea on here in 2010 of buying a load of war loan at £70 a pop rather than put it in a cash ISA. Didn't go ahead. Never mind!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
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