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Indexed Linked National Savings Certificates
Wurly
Posts: 56 Forumite
Anyone still have these?
Mine is near maturity in a few days time. Looking at the amount of interest generated i'm not sure i'm going to renew. The option of early 'cash in early' is gone. Considering this is where i was storing some of my emergency money, it's no longer any use for me.
Just wondering what others might have done?
Mine is near maturity in a few days time. Looking at the amount of interest generated i'm not sure i'm going to renew. The option of early 'cash in early' is gone. Considering this is where i was storing some of my emergency money, it's no longer any use for me.
Just wondering what others might have done?
0
Comments
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Similar questions have been asked previously.
The majority of the answers are that they will be kept and not cashed in.
However they are totally unsuitable for emergency money, and I doubt very many people ever used them for that purpose.
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Inflation is likely to be going UP, UP, UP! (IMHO of course)0
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I will be keeping mine but will be reducing the term from 5 years to 3 or even 1 due to losing the ability to cash them in early. They are unique, index linked and tax free and I also think higher inflation is the new normal0
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