The headline states something like: "Pays 1% adjusted for RPI". Joe Public takes that to mean pays RPI+1, which he thinks is great. WRONG !!!! They pay 1% with a microscopic tweak depending on how RPI compares with ~6 months before the start of the bond - and inflation may well go down - so less than 1%.
Not for me. I'd rather take the guaranteed fixed term bond rates of the banks and BSs.
Don't be suckered in.