NS&I in low inflationary environment

A question about : NS&I in low inflationary environment

I know there are a lot of threads on the subject but I have a slightly different situation to others.
I have a 0.99% mortgage, so when RPI + whatever increment is

I have 6 issues that end between April and July 2016.
3 of them are 3 year certs taken in 2013 and 3 of them are 5 year certs taken in 2011.

My questions are:
a) If I take then on the anniversary in 2015 then do I lose anything? apart from the odd days in the post?
b) In practical terms does this mean after the anniversary, so for example if the anniversary is 3rd April, then I shouldn't liquidise until just after 3rd April? is that right?

It's not a lot of money e.g. 1% of Ј20K is Ј200 but nevertheless no MSE wants to actually lose money do they.

Best answers:

• The 2011 ones can be withdrawn just after the anniversary with negligible loss (a few days of the underlying interest rate). The newer ones might be subject to the 90(?) day interest penalty.
• No, it's BOE+0.49%.
  The mortgage ends 2018, so I was going to take cash them in during 2016 (maturity), so it was only a question of 2015 vs 2016.
  They appear to be almost idolised and personally I feel that since the new pension rules and Ј15K ISAs each, that the tax free status has dimished in value.
  I'm 46 and I used to be concerned about access to pension funds, but since I'm 55 in a little over 8 years and I can get 20% ta relief + 12%NI relief + 6.9% employers NI relief, then I don't think I hold these products in the same high esteem as others.
  I'm not knocking them or what anyone else does at all, just saying I can see better options for most of my money (except my mortgage money where I don't wish to risk capital).
• Yes I agree.
  Physcologically like a lot of people I have a preference for simplicity so the idea of paying it off appeals unless there is a profit on the table :-)
• I'd wait until 2016, by which time we'll have had next month's Budget, the election, probably a July Emergency Budget, a December Autumn Statement, a March 2016 Budget - and, if we're really unlucky, another election followed by another Emergency Budget. In other words, wait and see. By April - July 2016 the world may look rather different.