NS&I Index-linked Savings - Renewal

redmalc

I recently rolled them over for five years,if things change which I don't think they will you can withdraw

ColdIron

LXdaddy wrote: »

(I have 80 different accounts)

You have 80 ILSCs?

Terry98

benny5 wrote: »

Hi,

I've got an NS&I Index-linked savings certificate maturing in three weeks. The renewal options are 2,3 or 5 year terms at RPI plus 0.01%.

Benny.

When I first bought these it was RPI plus 1.35%!

At one stage last year I was seriously thinking of cashing them in because I thought inflation would be less than one per cent for quite a few years. At one stage deflation was more likely than inflation. Things change very quickly.

I have bookmarked this thread for future reference in case I ever think of selling them again.

veryintrigued

I cashed mine in last year but now have regrets over not renewing for three years. Hindsight eh?

Stubod

We almost cashed one of ours in last year (was advised to do this by IFA as they considered stocks and shares would give better yield), however we decided that "inflation proof" was a better option for us as we don't need the money at present, just want it guaranteed to at least retain its value. (We also have SS ISA;s anyway).

joe134

benny5 wrote: »

Many thanks to all for such valuable contributions.

May go for the 5 year option and as suggested above with the penalty for early redemption not excessive can always cash-in should rates change dramatically.

All your contributions greatly appreciated.

Regards,

Benny.

In hindsight, and lazyness, I should have opted for 5 years, only because they MAY change from RPI to CPI or CPI+.
There is talk of it.

GillyFlower

1. My husband and I each took out a 9th index linked issue in 1997 for £10k and have continued to roll over each year. We are considering doing the same now as it matures on 7th March 2017.

2. We also took £10k each in the 65+ Guaranteed Growth Bonds NS & I for 3 years.

We do have some other small savings that we could draw on first, as we are in our 70's, so will use that for new sofa, cooker, etc. Items that I have managed to go without but thought about maybe spend a little before the end!?

Seriously though out of the two above my thoughts are to leave well alone until we need to top up current bank account.

If I did want to take some out I would appreciate any advice on what would be an option to go for. I am not expecting you to have a crystal ball but just your thoughts would be appreciated.

le_loup

I believe you can take money out at any time but you lose that year's interest. The best time to cash in, if you need the money, is at an anniversary date, because then, you get that year's interest.

Sceptic001

GillyFlower wrote: »

1. My husband and I each took out a 9th index linked issue in 1997 for £10k and have continued to roll over each year. We are considering doing the same now as it matures on 7th March 2017.

2. We also took £10k each in the 65+ Guaranteed Growth Bonds NS & I for 3 years.

We do have some other small savings that we could draw on first, as we are in our 70's, so will use that for new sofa, cooker, etc. Items that I have managed to go without but thought about maybe spend a little before the end!?

Seriously though out of the two above my thoughts are to leave well alone until we need to top up current bank account.

If I did want to take some out I would appreciate any advice on what would be an option to go for. I am not expecting you to have a crystal ball but just your thoughts would be appreciated.

The 3-year 65+ bond is paying 4% so is a definite hold. It remains to be seen what rate NS&I offer when it matures next year.

RPI inflation is currently 2.6% and expected to rise, so I would definitely hold on to tax-free ILSCs.

What rate are you currently getting on the rolled-over 1-year 65+ bond?

GillyFlower

What rate are you currently getting on the rolled-over 1-year 65+ bond?

1. The 65+ Bonds we took out as 3 year. So it seems I am right to go by my thoughts then keep until 2018.

2. The 9th index linked issue in 1997 - to also keep until needs must.

In meantime I hang on to a Yorkshire Building Society account with 2k that I have had for years thinking that one day they may merge. Not sure how sensible that is?

I have a Post Office ISA that needs to be looked, so some money in there for extra needs, so No's 1 & 2 leave well alone.

It was the ILSCs that made me really think this morning as I had the reminder to make a decision. I now need to read print as I think if I do nothing they go automatically for another 5 years.

Thank you