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NSI Index Linked Certificates move to CPI
longleggedhair
Posts: 475 Forumite
0
Comments
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At least it is only on renewal.0
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CPI is a 'less generous', but more accurate measure of inflation!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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As long as they pay, say, interest at 0.8% AER above CPI inflation I shan't complain.
In fact I'm tempted not to complain anyway. We've been doing awfully well from them and, depending on how the stock markets do before May, might wish to cling tight to them or instead to cash them in and hurl money at S&S.Free the dunston one next time too.0 -
As long as they pay, say, interest at 0.8% AER above CPI inflation I shan't complain.
In fact I'm tempted not to complain anyway. We've been doing awfully well from them and, depending on how the stock markets do before May, might wish to cling tight to them or instead to cash them in and hurl money at S&S.
Typo?
Current issues are paying 0.01%.0 -
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https://www.bbc.co.uk/news/business-45993120Anyone who renews their certificate from May next year will see their return cut from the RPI measure of inflation (currently 3.3%) to the Consumer Prices Index (CPI) measure of inflation (currently 2.4%).
Phew.
Renewal coming up, and an opportunity to increase term from 3 to 5 years.
Thanks for the heads-up.0 -
woolly_wombat wrote: »https://www.bbc.co.uk/news/business-45993120
Phew.
Renewal coming up, and an opportunity to increase term from 3 to 5 years.
Thanks for the heads-up.
Renewed mine last year for the 5 year term, I'd be gutted had my renewal date been next June.0 -
Not even consistent.
"Index-linked gilt payments will continue to be linked to the RPI."0 -
Specifically:
"The change will be applied to all Certificates that mature on and after 1 May 2019"0 -
As long as they pay, say, interest at 0.8% AER above CPI inflation I shan't complain.
In fact I'm tempted not to complain anyway. We've been doing awfully well from them and, depending on how the stock markets do before May, might wish to cling tight to them or instead to cash them in and hurl money at S&S.
With 5 year gilts yielding 1% I can't see it. But you never know!“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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