NS&I Inflation Beating Savings new Issues
NS&I (National Savings and Investments) is releasing new Issues of its Inflation-Beating Savings (also known as Index-linked Savings Certificates). The new Issues, sold in 3 and 5-year terms, will be available to savers from Wednesday 7 April 2010.
On each anniversary the value of Index-linked Savings Certificates moves in line with inflation as measured by the Retail Prices Index (RPI), and the guaranteed interest is added as well. The Certificates are designed to be held for the whole investment term to receive the full guaranteed compound interest, as the guaranteed rates of extra interest increase each year during the term.
NS&I Inflation-Beating Savings key features
Savings grow ahead of inflation, as measured by the Retail Prices Index
Minimum investment of £100, maximum investment £15,000 per issue
All returns are tax-free
Interest and any index-linking added at the end of each year
Designed to be held for 3 or 5-year terms, no interest or index-linking paid if cashed in during the first year
Capital invested is 100% secure