NSandI Index Linked Saving Certificates

js.b1 :

If you want to invest more, you have to wait for the next issue, and I don't think it's possible to predict when that will be or what the terms will be. Alternatively you can invest another £15k in the five-year issue.

Thank you for that information.

It's only a couple of months since new issues were introduced for

3year and 5year (same terms as previous).

Historically, how frequently have new issues been introduced ???

I think they are a very good deal (espec for high rate tax payer) , and any new issue might have inferior terms.

The limit of £15,000 is _new investment_ per issue. If you are reinvesting matured certificates, you can hold more than £15,000 per issue, as long as the excess is reinvestment certificates.

Let's say you already purchased new £15k 5-yr 96th Iss (2.25%) (on sale since 19-Aug-2009), and you have some certificates that you purchased 5 years ago maturing this month, they can be added to your existing 96th issue to go above £15k.

While an issue is on sale, you can purchase as often as up like upto the holding limit (£15k).

There's no guessing when NS&I create a new issue. For the 5-year fixed, it was about every 3 months (on average), but the current issue (96th

5-year) have been on sale since since 19-Aug-2009 (11 months). The index-linked 5-year are even less predictable.

You can always mix the 5-years with the 3- or 2-years as they're treated as separate issues.

IMHO, the index-linked certificates offer a better deal than the fixed-rate certificates.

Allan (not connected to NS&I other than as a customer)