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NS&I Index linked bonds-renew or cash in?
C_Mababejive
Posts: 11,668 Forumite
I have some bonds maturing this year and renewals are at CPI+0.01 %.
Given that the BOE has an inflation target of 2% and that inflation is likely to pick up,should i auto renew ?
Thanks
Given that the BOE has an inflation target of 2% and that inflation is likely to pick up,should i auto renew ?
Thanks
Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
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Is any other savings product guaranteed (or even likely) to return more than CPI+0.01%?
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It's some distance from a guarantee (of anything at all!) but likely ('average luck') returns from Premium Bonds have been above CPI for a year now - however, it would be a brave move to throw cash into them in the belief that this would continue for three or five years though....masonic said:Is any other savings product guaranteed (or even likely) to return more than CPI+0.01%?0 -
Yes, though with Premium Bonds sticking out like a sore thumb as the market leading savings product, and CPI rising back to 0.7% in the year to March, there is both the likelihood of CPI surpassing the current average luck rate on PB, and the rate on PB being cut, to consider.eskbanker said:
It's some distance from a guarantee (of anything at all!) but likely ('average luck') returns from Premium Bonds have been above CPI for a year now - however, it would be a brave move to throw cash into them in the belief that this would continue for three or five years though....masonic said:Is any other savings product guaranteed (or even likely) to return more than CPI+0.01%?
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I sold some NS index linked years ago and have been kicking myself ever since. If the rate on these are higher than inflation over a period of a year they are a great deal for safe money. Every other safe savings product loses money relative to inflation (~1%) at the moment, and usually do.C_Mababejive said:I have some bonds maturing this year and renewals are at CPI+0.01 %.
Given that the BOE has an inflation target of 2% and that inflation is likely to pick up,should i auto renew ?
Thanks1 -
I've got some still on RPI and some that are now CPI.
Problem with the talk of changing to PB is that these are no longer for sale and haven't been for years.
If we ever get a poor government in, these will come in handy IMO.1 -
renew ! ......
Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..1 -
You cannot get these again. Its only for existing holders. The way inflation is expected to go, these are likely to be valuable and worth keeping.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.3
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Just rolled mine over !!0
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CPI up to 2.5% - I'm rolling over!I’m a Forum Ambassador and I support the Forum Team on the Credit Cards, Savings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1
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