Inflation-beating NS&I bonds back at last
23 March 2011 Reader comments (1)Beleaguered savers have been given a timely Budget boost that will see National Savings & Investments relaunch its index-linked certificates.
However, NS&I says the inflation-beating bonds won't be available immediately but will go on sale at some point 'within the next year'.
As it happens, I have just had set of index-linked cerificates (issue
16) come to maturity and NSI gave me the option to contiune a new index linked issue for the same term. this is "exclusively available to existing cusomers whise certificates have matured".it was a 3 year term and the new one is
inflation +.85% in year 1 +0.95% in year 2 +1.21% in year 3.
if you keep it for the full term that is inflation +1% compound AER. That's better than the previous rate which was inflation +-0.25% compund.
"To continue with your investment you don't need to do anything. Simply keep this letter with your existing certificate as a record of the new rates".
Robert
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.