NS&I index-linked certificates: new issue: same old rate

Apr 29, 2009 1 Replies

NEW ISSUES OF INFLATION-BEATING SAVINGS FROM NS&I



29 April 2009

New opportunity to invest up to £15,000 tax-free1 in each issue First new issues since June 2008



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1%+RPI

Fixed haven't changed


Better than the banks are offering :-)

But are their grossed up rates correct? Don't they mean (RPI+1)*1.25 percent rather than (RPI+1.25) percent??

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