We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Index-linked Savings Certificates , NS&I

ab56
Posts: 52 Forumite


Just received statement for year ended 30/6/20, received disappointing 0.56% interest. Only advantage is that it is not subject to Income tax.
0
Comments
-
As discussed on another recent thread about these, the rate should be entirely transparent and predictable, based as it is on a published inflation index and a stated methodology. Certificates maturing in June use the April CPI index figures, so with April 2019 being 107.6 and April 2020 being 108.5, the basis of the interest applied should be 0.836%.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards