Incoming moan about NS&I.

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So, after the bank holiday weekend pause looks like the fix rates are on the move again. After the budget and media news reports about NS&I being asked to entice more money from the plebs I put in 100k in a easy access account expecting the saving rates would edge up a bit they still have not moved. (This money to be transferred to a 3 year fix)

Seems to me this institution is only worthwhile to those who have a few million quid to spare or those mortals who like a flutter on premium bonds.

jaypers

It's Government owned/run. If your expecting agility, flexibility and generally being able to dynamically respond to changing market conditions you're looking at the wrong institution 🤣

Swipe

https://forums.moneysavingexpert.com/discussion/comment/80028359#Comment_80028359

It's Government owned and run By Atos. Double whammy incompetence factor.

gt94sss2

https://forums.moneysavingexpert.com/discussion/6443965/incoming-moan-about-ns-i

The NS&I funding target increased by only 1.5bn - not that much in the scheme of things.

https://nsandi-corporate.com/news-research/news/nsi-provisional-q3-2022-23-results-and-2023-24-net-financing-target#

wmb194

https://forums.moneysavingexpert.com/discussion/6443965/incoming-moan-about-ns-i

Why do you want to use NS&I though? Just avail yourself of the better rates available elsewhere.

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https://forums.moneysavingexpert.com/discussion/comment/80028724#Comment_80028724

I know this sounds like I’m Virtue signalling but I kinda like their green savings bond 3 year fix. Just don’t want to lock in now at currently 4.20% when tomorrow or the next day or even next week it could be 4.50%

Millyonare

System is in chaos.

https://www.thisismoney.co.uk/money/saving/article-12038099/Irate-customers-reveal-NS-service-collapsed-chaos.html

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/80029138#Comment_80029138

This is from This is Money which is part of the Daily Mail.

It it therefore, by definition, untrue.

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https://forums.moneysavingexpert.com/discussion/comment/80029138#Comment_80029138

A bit like our country, unfortunately we have no one in or coming in to fix it.

Swipe

flaneurs_lobster said:

This is from This is Money which is part of the Daily Mail.

It it therefore, by definition, untrue.

I'm afraid in this case, it has merit.

eskbanker

Swipe said:

flaneurs_lobster said:

This is from This is Money which is part of the Daily Mail.

It it therefore, by definition, untrue.

I'm afraid in this case, it has merit.

A broken clock is right twice a day....