Index-linked Savings Certificates - Early withdraw penalty

Alice_Holt

I just want to confirm that my understanding of the withdraw penalty for the certificates I hold is correct.

NS&I state -'The equivalent of 90 days' interest on the amount you cash in will be deducted from your payment.

And you won't earn any index-linking on the whole Certificate for the investment year in which you cash in, even if you only cash in part of it.'

If, say, I have a certificate with the date of investment of 14 July 2021, and I withdraw the entire certificate on 15th July, then:

i) I lose 90 days of the 0.01% interest,
ii) I retain the index-linking amount for the 3 investment years to 14/07/2024.

TIA  

masonic

That would be my understanding, yes.

Hoenir

Alice_Holt said:

And you won't earn any index-linking on the whole Certificate for the investment year in which you cash in, even if you only cash in part of it.'

This will be the year up prior to cashing in.