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

Andreg Forumite Posts: 129
Part of the Furniture 100 Posts Combo Breaker
edited 24 July at 12:05PM in Savings & investments
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)


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