National Savings Index-linked Saving Certificates

Description: Should these Certificates form a part of your investment portfolio?

Newest Review: ... and there's a choice of two investments each running for two years. The first one says "5% per annum" and the other says "10.1% paid at the end of two years". On the face of it the second investment looks like the better bet, but it isn't. If you'd invested £1000 in the first account it would be £1050 at the end of the first year and £1102.50 at the end of ... more

... the second year because you've received interest on the interest you've already got. On the second account you end up with £1101. Obviously it's a bit of a faff to have to work all this out so an AER figure has to be provided. In the c...more

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National Savings Index-linked Saving Certificates: Star of the show! (1527 words)
by - written on 06/10/01 (Very useful, 4466 readings)
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Yes, I know I keep having a go at National Savings, but it's not that I'm prejudiced - it's that they're less than generous with some of their products. Just occasionally, though, they surprise even an old cynic like me and market something that's first rate. The star of their show is National Savings Index-Linked Savings Certificates. Let me explain to you how they work. You need a minimum investment of £100 and the maximum amount in each issue is £10,000. You need to be able to put the money away for a fixed term of either two years or five years. Now the problem with most fixed-term investments is that inflation eats into the ... Read the complete review

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