Dip Yer Bread!
12 May 2011, 08:59 AM
#1
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Dip Yer Bread!
Index-linked Savings Certificates launched TODAY!
Return of RPI + Interest + Tax Free + 100% Secure!
Sadly, Max. investment is only £15,000 each Cert. but still worth adding to your portfolio!
Be quick!
Dip Yer Bread!
Return of RPI + Interest + Tax Free + 100% Secure!
Sadly, Max. investment is only £15,000 each Cert. but still worth adding to your portfolio!
Be quick!
Dip Yer Bread!
12 May 2011, 10:21 AM
#3
Yeah, it was on BBC Brekkie this morning.
Equivalent to taking out a 20% taxable savings account... But at c.4.63% AER!!!
Roll up roll up...
BTW, are these subject to the Govt.'s "£50,000 safe limit" i.e. if the banks/creditors go bust, you'd defo get all your money back?!
Equivalent to taking out a 20% taxable savings account... But at c.4.63% AER!!!
Roll up roll up...
BTW, are these subject to the Govt.'s "£50,000 safe limit" i.e. if the banks/creditors go bust, you'd defo get all your money back?!
Last edited by joz8968; 12 May 2011 at 10:58 AM.
12 May 2011, 10:51 AM
#6
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See an independent financial adviser, they will help you get a better deal than the Government products, however it is a gamble. I might not get anything back but my initial stake, so even though I lose the interest I won't lose the stake. We thought this was worth the risk as we were getting 0.1% interest in the bank 
12 May 2011, 10:51 AM
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12 May 2011, 11:47 AM
#8
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Got to keep it for 5 years for max tax free return. RPI is in future, not now, when it is pretty high. I didn't know it had a limit of only £15k.
dl
dl
12 May 2011, 12:20 PM
#14
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These should be part of everyones portfolio IMO.
Low risk and you keep pace with inflation - that's not a bad offer these days.
The bummer is the £15,000 upper limit - £150,000 limit would have been nicer!
Never mind, get in there!
Low risk and you keep pace with inflation - that's not a bad offer these days.
The bummer is the £15,000 upper limit - £150,000 limit would have been nicer!
Never mind, get in there!
12 May 2011, 01:07 PM
#16
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See an independent financial adviser, they will help you get a better deal than the Government products, however it is a gamble. I might not get anything back but my initial stake, so even though I lose the interest I won't lose the stake. We thought this was worth the risk as we were getting 0.1% interest in the bank
No less, maybe more.
Obviously by this time the X amount of cash may not be tbe same woth in that current climate, but it will still be the same amount.
12 May 2011, 01:07 PM
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12 May 2011, 01:11 PM
#19
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I wonder if they will see the value of a pile of dusty old records, and honour is as a true intvestment???
12 May 2011, 01:21 PM
#20
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Dusty old records could form an interesting part of ones portfolio ...... it could be the best 'performing' part!
Could be argued that it would be the 'soundest' investment
Could be argued that it would be the 'soundest' investment
Last edited by pslewis; 12 May 2011 at 01:22 PM.
12 May 2011, 01:48 PM
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12 May 2011, 02:06 PM
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12 May 2011, 02:16 PM
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12 May 2011, 03:42 PM
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The FSCS limit (now £85k) doesn't apply to NS&I as it is entirely government backed, so pretty much 100% safe. The £15k limit makes this irrelevant anyway.
My email from them states that it should be on sale for 'a sustained period', so don't panic.
My email from them states that it should be on sale for 'a sustained period', so don't panic.
12 May 2011, 07:46 PM
#28
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16 June 2011, 05:57 PM
#29
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Well it hasn't been long and already someone has a problem with them. Unbelievable - http://ftalphaville.ft.com/blog/2011...ust-be-capped/
16 June 2011, 08:16 PM
#30
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They took my money on 14th May - sent me a form to sign - I signed it and sent it back 27th May - they lost it/didn't receive it - rang them and waited 45minutes to be answered - they couldn't find me on their system - then said they would send another form to sign - nothing has arrived - e-mails don't fill me with faith .............. it's pathetic!!
I wish I hadn't bothered at all ....... all I want is my money back, I'll put it elsewhere!!
I wish I hadn't bothered at all ....... all I want is my money back, I'll put it elsewhere!!