NS&I Index linked savings certificates renewals no longer allow access

Andreg

These certificates have not been available to new investors for years, and the rates of interest on renewals have been reduced to just CPI + 0.01%.  Now any renewals cannot be cashed in before the end of their term: 3 years or 5 years.

Now that index linked gilts prices have fallen, they are offering rates of return close to RPI + 1%.  As they can also be sold (at the risk of a substantial change in valuation) before maturity, short dated index linked gilts appear to be a better investment, even though you have to pay income tax on the coupon interest.

Index-linked Savings Certificates | Managing your savings | NS&I (nsandi.com)

ColdIron

Plenty of discussion about this last week

https://forums.moneysavingexpert.com/discussion/6460612/nsandi-change-rules-on-ilscs-ban-early-withdrawal/p1