Next issue NS&I index linked certs

ManAtHome

nrsql wrote: »

Uncle Gordon is also very short of funds - will be interesting to see what happens.

Remember seeing something in the press about NS&I picking up a fair heap of the wandering NR dosh, but that was before the "miracle economy" leap in the trade defecit and deterioration in government finances. Not sure how interesting it'll get though - quite a few quid has gone into other fixed-term/rate savings in the last few months, so might not be that much left.

Which may be another interesting one - I now have more of my savings tied up in Euros and 1-3 year accounts than I've ever had, so no impulse spending for quite some time.

KITCHEN1_2

Barak,
"random" ,or please direct me to your crystal ball
For every direction call made right I'll bet there is one made wrong, which means "random".

Man Home,
I missed the Euro move ,thought for sure we were going to be rangebound and now I don't really like to chase price and get caught up in an elastic band snap back to mean.

barak

KITCHEN1 wrote: »

Barak,
"random" ,or please direct me to your crystal ball
For every direction call made right I'll bet there is one made wrong, which means "random".

I don't think it's decided by the toss of a coin! No crystal ball - but time will tell

ManAtHome

KITCHEN1 wrote: »

Man Home,
I missed the Euro move ,thought for sure we were going to be rangebound and now I don't really like to chase price and get caught up in an elastic band snap back to mean.

I seriously underestimated - was guessing how things would go up to summer 2009 and thought I could come out slightly in front (thought pound would be 10% down by then). LOL should have borrowed a couple of mil...

I think it'll bob a couple of percent either way for some time now, so not planning to convert any more - obviously depends on UK panic-stations, will see what happens tomorrow.

ashm1

Problem they have if they keep cutting rates the 'real interest rate' on savings may go negative (tax makes this worse). There are deficits that need financing. Some are already starting to hold foreign currency savings accounts, and capital is free to move.

Swipe

Can you keep adding to the current certificate up to £15000 or do you have to buy the certificate with a one off £15000 payment?

cheerfulcat

You can keep adding.

Biggles

I'm not sure the interest element of the next issue will necessarily be lower than the current one.

When the existing certificates were issued, almost twelve months ago, interest rates were, if anything, slightly lower than now. The inflation element was probably about the same.

rarrarrar

Can you be both the trustee and the beneficiary (and the funder) when buy these certs "in trust" ?
Am I right in thinking HMRC have to be informed about the setting up of the Trust ?

martinman3

You cannot be both trustee and beneficiary for the same certificates but as KITCHEN1 posted previously someone else can hold certificates as trustee with you as beneficiary in addition to you holding your own certificates. So couples could hold four sets of certificates for an issue.

As far as where the funding comes from, that is a separate question. If you choose to make a gift of money to someone who then uses that money to purchase certs in trust for you. Hmmm, anyone ?