Index-Linked National Savings!!!

spoonface

i can't believe i only just discovered these.

they are a total no-brainer for high rate tax payers.

Stonk

They are indeed much overlooked, but do remember that you only get the full headline interest rate if you leave the money with them for the full term (3 or 5 years). If you drop out early, you'll get less (although it's always more than inflation). This implies a "lost opportunity cost" (i.e., you lose the opportunity to invest that money elsewhere if something good turns up), particularly because the interest rate is fixed.

So: not quite a no-brainer, but close.

spoonface

just to clarify you're referring to the risk that something else better turns up during the fixed-term? yes that's true but i don't think i'm going to find anything in the next few years to compete with what is effectively 7% gross (approx). yes that could change but when you consider inflation is expected to head higher in the near term with interest rates now peaking, this investment looks even more attractive.

ManAtHome

Yes, but the BoE has to keep inflation under control - if it's expected to increase, they'll have to increase base rates (which is the BIG problem we're currently in). I've used N/S fixed and RPI in the past but they started getting very stingy on rates a few years ago so I stopped. Have a look at as ISAs and CITR accounts first.