18th issue savings cert
- Thread starter mcriot29
- Start date
A new issue of saving certs could be introduced at anytime. Normally there is little or no notice given when a current issue ceases e.g. previous issues were withdrawn overnight.
As OldTimer said, not necessary. The 10 year product, for example, was launched in the middle of the year.
Nobody knows if/when the NTMA will be changing State Savings rates/products.
According to the CSO, the CPI in the year to Nov 2012 was +0.8% and the HICP was +1.6%. The CPI figure is the lowest for 2 years. Maybe these inflation figures will increase the chance of there being an 18th issues savings cert and a 13th issue saving bond with lower interest rates in the near future?
They do show that all the State Savings fixed term, net AER rates are probably comfortably above inflation at the moment as they have been for a few years.
Even if Prize Bonds give a meagre average return (often estimated at a net 2%) that doesn't look terrible either given the CPI figure.
They do show that all the State Savings fixed term, net AER rates are probably comfortably above inflation at the moment as they have been for a few years.
Even if Prize Bonds give a meagre average return (often estimated at a net 2%) that doesn't look terrible either given the CPI figure.
And I myself haven't the foggiest idea.
BUT......there is considerable speculation around that rates will change, ie be reduced, REAL SOON!
AND.....someone close to the action told me exactly the same!
hmmm. Your the 3rd person I have heard say this. The evidence builds that a State Savings rate cut is on the way.
Good point. It might have some bearing but I'm sure that bank pressure on the DoF/NTMA for a rate cut is a bigger factor.
So the 13th (Thursday) didn't work against you
See here for info on rate cut which also mentions the following:
'All applications for purchases received in a post office or mailed prior to 16 December 2012 will receive the old rates.'
File that receipt carefully