Indexed Linked National Savings Certificates

Wurly · 2 September at 8:25PM

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?

Albermarle · 4 September at 2:08PM

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.

Vitor · 4 September at 2:37PM

Inflation is likely to be going UP, UP, UP! (IMHO of course)

ColdIron · 4 September at 2:50PM

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 normal

masonic · 5 September at 8:28PM

Index linked gilts are looking a more attractive option. You'd have the hassle of setting up an investment account of course, but worth considering as they could be cashed in for an emergency, albeit potentially for less than you paid for them, but if you hold to maturity you'll have a locked in inflation-linked return at the point of purchase.