Index linked saving certificates are back

[doodab]

Bit of a misunderstanding here I think. It's the actual index they look at, not the % change in the index over the last x months that the papers report as the RPI. If the RPI falls, that means we have (in theory) actual deflation, so you get the benefit of all your money back + 0.5% + everything got cheaper while you were waiting.



NS&I - Index linked savings certificates

[AtW]

Bit of a misunderstanding here I think. It's the actual index they look at, not the % change in the index over the last x months that the papers report as the RPI. If the RPI falls, that means we have (in theory) actual deflation, so you get the benefit of all your money back + 0.5% + everything got cheaper while you were waiting.

They will soon introduce new true inflation metric called: Light Inflation Estimation or LIE.

HTH

[TimberWolf]

Shows how far we've come when we get excited about a 0.5% return after 5 years.

[alreadypacked]

Shows how far we've come when we get excited about a 0.5% return after 5 years.

I don't remember who said it, but Premium Bonds were a better bet when interest rates are > 5%

[Lockhouse]

sheesh man, I dont mean to be heartless, but think of the will. I did my mums estate last year and it was a bloody nightmare. If I had used a solicitor it would have cost us 15 - 18 k.
bear that in mind, profit and loss type of thing

That's hopefully all taken care of. I'm joint executor and the will etc is all up-to-date. It would be nice if he had a few more years though before I have to worry about it!

[Moose423956]

I don't remember who said it, but Premium Bonds were a better bet when interest rates are > 5%

Exactly. I've got my full quota plus some in the kids' names, and I get a return of about £50-£100 per month. Plus there's the chance of winning the jackpot....

[DimPrawn]

Shows how far we've come when we get excited about a 0.5% return after 5 years.

Most people are excited that in 5 years time their currency might still exist.

[MarillionFan]

It's the RPI. Neighbour has one and says it's quite good.

[Lumiere]

£15000 max, not worth the hassle imo

[MarillionFan]

£15000 max, not worth the hassle imo

5% RPI + 0.5% on £15k = £825 tax free for the year.

A days money. I agree.