Is this a good investment ?

[DavideMexia]

Can anyone tell me if this is a Good investment for that amount of saving? Is this low or high risk? And investing in certificates, how do you know that your money is in good hands? Do you have direct access to your account to check your saving ? What is the Interest rates forecast for the next 5 years in the uk? How the interest rate has been performing in the uk for the last 10 years? Is this tax free investments? Interests are accrued every year or at the end of 5 years?

Please, anyone who has suscribed to this certificates based on the interest rates +0.5, please advise me if this is a good investment ? How much would it be the return at the end of 5y? Media URL: http://www.dailymail.co.uk/news/article-1386315/Thousands-scramble-register-new-9-savings-rate.html#ixzz1MDUK2bo0
Description:

[KJN]

Its a good investment for £15k,Guaranteed by the Government, low risk, the interest rate is calculated on a changing rate so cant answer what you will get back. No point in seeing what the interest rate was for the last ten years, has no relevance at all. yes It is taxable.Hope this helps.I will go for it.

[dzug2]

But it says tax free in the link:

National Savings & Investments was bombarded with applications after it relaunched its hugely popular tax-free savings certificates

[KJN]

Yep apologies Tax Free

[New Judge]

Just to clarify that these index-linked certificates are linked to the inflation rate as measured by the RPI (which is the higher of the main two measures of inflation).

With the RPI currently running at over 5% (and expected to increase over the coming months) they represent a good deal. With the best fixed rate investments currently offering about 4% (net 3.2% for a standard rate taxpayer) the lure of 5% plus is plain to see.

Although the certificates are for a five year period you can cash them in at any time. Up to 12 months and you get no interest, but after 12 months you get the interest at RPI plus 0.5% which applies for the entire period. Capital is 100% guaranteed and it is not reduced in the extremely unlikely event that the RPI goes negative. All in all a no-brainer.

[DavideMexia]

Thank you all for your clarification however;
Can you withdraw the money at any time? Off course do you lose interests but if i decide that after 3/4 months i no longer want to save and use the money for investing in a property, for example, can you, in that case, have your money back or do you have to wait until 12 months ?

Please i want your advise in this because i am thinking to open it.

[nannakath]

i think you can withdraw after one year has passed but go to NS&I Index-linked certificates but do it soon as they may withdraw the offer.