Thank you NS&I

missile

I am so pleased I did not follow the advice to cash in my NS&I index linked savings

9.43% is a tidy return in these troubled times

eskbanker

missile said:

I am so pleased I did not follow the advice to cash in my NS&I index linked savings

What advice to cash them in?  Every time this comes up on here, the prevailing wisdom is to renew them at every opportunity....

trickydicky14

I just wish all those years ago I had put more cash into them than I did, still some are better then none.

hoofy

How much can you have in these? I remember putting £15k in back in around 2011 which I think was the maximum? Was there other opportunities to invest more, I don't recall. 

ChesterDog

hoofy said:

How much can you have in these? I remember putting £15k in back in around 2011 which I think was the maximum? Was there other opportunities to invest more, I don't recall. 

Yes, I think that was the maximum.

I did that (times two) and would have topped up with more had it been possible.

talexuser

My total increase since May 21 is 12.05%, and that AER is 9.64% if my spreadsheet is correct

Daliah

talexuser said:

My total increase since May 21 is 12.05%, and that AER is 9.64% if my spreadsheet is correct

As they say on the NS&I website: But remember, the index-linking is only calculated and added on each anniversary

artyboy

Agreed it's a great rate as of right now, but over the course of the past 5-10 years wouldn't you still have made a far better return by putting it all in equities?

MX5huggy

artyboy said:

Agreed it's a great rate as of right now, but over the course of the past 5-10 years wouldn't you still have made a far better return by putting it all in equities?

Probably but they come with 0 capital risk so not comparable. 

Rollinghome

hoofy said:

How much can you have in these? I remember putting £15k in back in around 2011 which I think was the maximum? Was there other opportunities to invest more, I don't recall. 

£15k was the limit per issue.  There was a new issue that you could put a further £15k into every time they changed the interest rate that was paid in addition to the index linking. There were sometimes a couple of new issues in a year, sometimes none. 

I've quite a few issues, but the return hasn't been staggering overall in comparison to other options, even for when they were offering 1%+ and RPI. But it is tax-free. For year to Aug 20, CPI was just 0.25%.  It was useful as a diversifier.

Sarah1Mitty2

talexuser said:

My total increase since May 21 is 12.05%, and that AER is 9.64% if my spreadsheet is correct

Very good returns.