Saving certificate query ???
i had a saving certificate for nearly over 15 years and 6 months, but i recieved a letter the other day from aN Post, and they7 said that the national treasury manangemnet had decided not to extend the period for the certificate,
and they give u 3 options cash it in
or reinvest all or part in thh current 12th issue of saving binds or the 17 th issue of saving certificates details,
please note that the reinvestment of existing accounts on maturity of on maturity will be excluded for the purpose of calculating maxium investment limist except were the holder subsequently purchases pr seeks to purchase further saving bonds
any clues folks from what i can see its really which is best the 12th issue or the 17th issue, heres apr =
Well i can tell u that i accumulated 163% interest in 15 years and 6 months
but the :
SAVING BONDS CURRENT 12th issue
guaranteed return of 10 % tax free over 3 year period
equivalent to an average annual rate of 3.23% if held for the full term
individuals may invest a mininmunm of 100 euro
SAVING CERTIFICATE CURRENT 17TH ISSUE
guaranteed return of 21 % tax free over 5year 6 MONTH period
equivalent to an average annual rate of 3.53% if held for the full term
individuals may invest a mininmunm of 50 euro
ANY IDEAS
thanks
i had a saving certificate for nearly over 15 years and 6 months, but i recieved a letter the other day from aN Post, and they7 said that the national treasury manangemnet had decided not to extend the period for the certificate,
and they give u 3 options cash it in
or reinvest all or part in thh current 12th issue of saving binds or the 17 th issue of saving certificates details,
please note that the reinvestment of existing accounts on maturity of on maturity will be excluded for the purpose of calculating maxium investment limist except were the holder subsequently purchases pr seeks to purchase further saving bonds
any clues folks from what i can see its really which is best the 12th issue or the 17th issue, heres apr =
Well i can tell u that i accumulated 163% interest in 15 years and 6 months
but the :
SAVING BONDS CURRENT 12th issue
guaranteed return of 10 % tax free over 3 year period
equivalent to an average annual rate of 3.23% if held for the full term
individuals may invest a mininmunm of 100 euro
SAVING CERTIFICATE CURRENT 17TH ISSUE
guaranteed return of 21 % tax free over 5year 6 MONTH period
equivalent to an average annual rate of 3.53% if held for the full term
individuals may invest a mininmunm of 50 euro
ANY IDEAS
thanks
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