Incoming moan about NS&I.

wmb194

Thumbs_Up said:

https:\/\/forums.moneysavingexpert.com\/discussion\/6443965\/incoming-moan-about-ns-i<\/a><\/p>

Why do you want to use NS&amp;I though? Just avail yourself of the better rates available elsewhere.<\/p>","bodyRaw":"[{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"url\",\"url\":\"https:\/\/forums.moneysavingexpert.com\/discussion\/6443965\/incoming-moan-about-ns-i\",\"embedData\":{\"recordID\":6443965,\"recordType\":\"discussion\",\"body\":\"

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&amp;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)<\/p>

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. <\/p>\",\"bodyRaw\":\"[{\\\"type\\\":\\\"p\\\",\\\"children\\\":[{\\\"text\\\":\\\"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)\\\"}]},{\\\"type\\\":\\\"p\\\",\\\"children\\\":[{\\\"text\\\":\\\"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. \\\"}]}]\",\"format\":\"rich2\",\"dateInserted\":\"2023-05-02T20:50:27+00:00\",\"insertUser\":{\"userID\":3156050,\"name\":\"Thumbs_Up\",\"url\":\"https:\/\/forums.moneysavingexpert.com\/profile\/Thumbs_Up\",\"photoUrl\":\"https:\/\/us-noi.v-cdn.net\/6031891\/uploads\/userpics\/5UVSNK2FVQ9E\/n6QS1NAJYMJ39.jpg\",\"dateLastActive\":\"2023-05-02T20:57:04+00:00\",\"banned\":0,\"punished\":0,\"private\":false,\"label\":\"Forumite<\/b><\/span>\"},\"displayOptions\":{\"showUserLabel\":false,\"showCompactUserInfo\":true,\"showDiscussionLink\":true,\"showPostLink\":true,\"showCategoryLink\":false,\"renderFullContent\":false,\"expandByDefault\":false},\"url\":\"https:\/\/forums.moneysavingexpert.com\/discussion\/6443965\/incoming-moan-about-ns-i\",\"embedType\":\"quote\",\"name\":\"Incoming moan about NS&I.\"}},{\"type\":\"p\",\"children\":[{\"text\":\"Why do you want to use NS&I though? Just avail yourself of the better rates available elsewhere.\"}]}]","format":"rich2","dateInserted":"2023-05-03T06:42:36+00:00","insertUser":{"userID":999797,"name":"wmb194","title":"","url":"https:\/\/forums.moneysavingexpert.com\/profile\/wmb194","photoUrl":"https:\/\/us-noi.v-cdn.net\/6031891\/uploads\/userpics\/529\/n3LZBPWN1OAQD.jpeg","dateLastActive":"2023-05-03T13:01:54+00:00","banned":0,"punished":0,"private":false,"label":"Forumite<\/b><\/span>"},"displayOptions":{"showUserLabel":false,"showCompactUserInfo":true,"showDiscussionLink":false,"showPostLink":false,"showCategoryLink":false,"renderFullContent":false,"expandByDefault":false},"url":"https:\/\/forums.moneysavingexpert.com\/discussion\/comment\/80028724#Comment_80028724","embedType":"quote","embedStyle":"rich_embed_card"}">

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%

At the moment 4.5% would be much too competitive. You'd probably need to see the competition firmly above 5% before NS&I moves to 4.5%.

Swipe

eskbanker said:

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....

You obviously haven't had to phone them in the last couple of months. 

gt94sss2

At the moment 4.5% would be much too competitive. You'd probably need to see the competition firmly above 5% before NS&I moves to 4.5%.

Also, Green savings bonds do not count towards the NS&I funding target.

wmb194

gt94sss2 said:

At the moment 4.5% would be much too competitive. You'd probably need to see the competition firmly above 5% before NS&I moves to 4.5%.

Also, Green savings bonds do not count towards the NS&I funding target.

Is that right? Weird. Even less incentive for NS&I to make it a competitive account then.

gt94sss2

wmb194 said:

gt94sss2 said:

At the moment 4.5% would be much too competitive. You'd probably need to see the competition firmly above 5% before NS&I moves to 4.5%.

Also, Green savings bonds do not count towards the NS&I funding target.

Is that right? Weird. Even less incentive for NS&I to make it a competitive account then.

Yes, mentioned in the link I posted on the previous page, reproduced below 

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

Thumbs_Up

Premium bonds don’t do it for me and I can't see them competing with their other products they offer. Oh well a false dawn, money went in easily enough should be easy to take out as well.

So my assumption is correct it’s only the very rich who would keep their money in their protected up to a million quid, otherwise what pleb would invest with them, much better rates to be had elsewhere.     

mebu60

eskbanker said:

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....

Not if it's the hands that have been broken off! A stopped clock however . . . . . . . . 

Eco_Miser

mebu60 said:

eskbanker said:

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....

Not if it's the hands that have been broken off! A stopped clock however . . . . . . . . 

unless it's digital, in which case it's likely neither right nor wrong, just blank.

eskbanker

Eco_Miser said:

mebu60 said:

eskbanker said:

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....

Not if it's the hands that have been broken off! A stopped clock however . . . . . . . . 

unless it's digital, in which case it's likely neither right nor wrong, just blank.

'Digital' will be a term unknown at NS&I, an analogue organisation if ever there was one....

Middle_of_the_Road

Eco_Miser said:

mebu60 said:

eskbanker said:

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....

Not if it's the hands that have been broken off! A stopped clock however . . . . . . . . 

unless it's digital, in which case it's likely neither right nor wrong, just blank.

It's just a wind up