NS&I launches market-leading 2.2% saver - 3 year

Money, investing, mutuals etc

NS&I launches market-leading 2.2% saver - 3 year

Postby expressman33 » Wed Apr 12, 2017 12:41 pm

expressman33
 
Posts: 8319
Joined: Tue Jun 29, 2010 9:36 pm
Location: stockport
Has thanked: 2261 times
Been thanked: 9821 times

Re: NS&I launches market-leading 2.2% saver - 3 year

Postby planteria » Wed Apr 12, 2017 7:43 pm

it's good to see them in the market, but would you tie money up for 3 years at 2.2%? not for me.
planteria
 
Posts: 4869
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 359 times
Been thanked: 1338 times

Re: NS&I launches market-leading 2.2% saver - 3 year

Postby Thunderfog » Wed Apr 12, 2017 8:19 pm

Given the almost non-existent rates on offer it is a good investment as long as you won't need the money for three years.
Thunderfog
 
Posts: 22811
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 208 times
Been thanked: 3240 times

Re: NS&I launches market-leading 2.2% saver - 3 year

Postby expressman33 » Wed Apr 12, 2017 9:19 pm

Pity the max investment is £3,000
The account is available online only. If you withdraw your money before the three years is up, you’ll forfeit 90 days’ worth of interest.
So if after 12 months you withdraw the money you would still get the equivalent of just over 1.65% ,
leave it in for 2 years and you would still get the equivalent of just over 1.925%

Thanked by: Oggy
expressman33
 
Posts: 8319
Joined: Tue Jun 29, 2010 9:36 pm
Location: stockport
Has thanked: 2261 times
Been thanked: 9821 times

Re: NS&I launches market-leading 2.2% saver - 3 year

Postby planteria » Wed Apr 12, 2017 9:35 pm

underdog wrote:Given the almost non-existent rates on offer it is a good investment...


i think it is a poor 'investment', along with the vast majority of cash savings accounts in the current market.
planteria
 
Posts: 4869
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 359 times
Been thanked: 1338 times


Return to Finance & property

Who is online

Users browsing this forum: No registered users and 2 guests