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National Savings.... gah!

(4 Posts)
CogitoErgoSometimes Thu 08-Sep-11 08:02:46

Have been waiting for a cheque to clear before I could transfer some money into the National Savings Index Linked Bond (RPI + 0.5% for 5 years) and they've withdrawn the offer!!! Anyone know how often they issue these bonds?

ChablisLover Thu 08-Sep-11 09:42:44

Ns&i say they are unlikely to be reissued before April next year. Read from dm website.

Is there any other bonds that they have u can invest in?

CogitoErgoSometimes Thu 08-Sep-11 10:55:05

Not that I can see. Which is probably why the original bond was so popular. The money came from cashed-in unit trusts which aren't doing so well. Cash ISA rates are pretty poor. There was an index-linked product with the Post Office but it wasn't tax-free... and I think that stopped on September 1st. Will have to go back to the drawing board and hunt round the comparison sites. Thanks for the info from DM.

bemybebe Tue 13-Sep-11 12:00:18

Agree about Cash ISA. I moved the full allowance in May and almost persuaded my dh to do the same when they withdrawn. He is gutted, but I told him from the outset that this will be very popular...

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