Should I just ignore the 30k rule and pop it all in a fixed rate bond that I've opened and ignore Ns&I apart from the Isa allowance.


CPI is now 1.8. (if you don't eat)


I have until the next interest rate decision to make my choice.

do you trust this government ?

personally, I want to inflation-proof a chunk of my str fund, hence I'll be putting 60k with NS&I this week. I had most of my cash with one institution (Icesave) but am in the process of spreading it around within the limits of the FSA cover. so far I'm now with :
Icesave
ING
Sainsburys
HSBC
NS&I

just need one more place to park 35k paying 6% or more......obviously somewhere not linked to the above...any ideas ?

edit : this standard life 6 month bond at 6.75% will do me (they sold out the 7.1% yesterday!)

No, I don't trust this government. This is why I'm thinking of avoiding NSand I,because it tracks, ahem, government inflation figures.

It's the mood I'm in today.

Every tom , dick and harry's money will be in nsand i now; imagine competing for all that compensation, lol.




I'm sure you've got your money covered though. Stroud and Swindon had a bond at 7.05 which is now closed and their 6.95 bond closes today. Couldn't find out what institution they belong to. Might be worthwhile as the Libor rate is down and of course they system is awash with the promise of billions of taxpayers money. Ah well.

NSI use RPI not CPI , RPI is now 4.1% why don't you just split it 50% NSI , 50% fixed bond .

Hi Grey Shark, that's what I will do as I have always planned. Thanks for the RPI info. Obviously it's best to spread your cash.

So are fixed bonds guaranteed?

Yep they are backed by the state - get this state backed 3 year savings bonds 6.27% AER!!!!!

you can stick your gilts and their lousy coupons and you NS&I

get yourself some of
these government insured savings bonds. they ARE AAA as good as gilts !!! backed by the full faith and credit of the UK government.
https://www.northernrock.co.uk/savings/fixed-rate-bonds/

Apparently gilts have been heavily sold over the last few days must be the institutional money market investors pumping billions into NR accounts backed by the UK government!!!!!!