London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

NS&I withdraw index-linked and fixed interest certificates

We keenly awaited the return of NS&I indexed linked certificates and quickly alerted clients to their relaunch in May this year, suggesting where possible they consider the maximum investment of £15,000 per person.

Being the only savings vehicle in the UK able to guarantee a tax-free return greater than the rate of inflation - with the capital being 100% backed by the government - it is no surprise that they have been hugely popular with over 520,000 people investing to date.

Now just four months later, NS&I confirmed this week that both fixed interest and index-linked certificates are no longer available for new investors. In fact, it is likely that the certificates will not return until at least Q2 next year and the expectation is that they may not be as attractive as this year’s issue, which offered 0.5% above RPI for a term of five years.

For existing holders, on maturity, it will be possible to keep the investment for another term of the same length. Or another option will be to reinvest into any of the other savings certificate terms and issues on offer at that time.



Date: 9th September, 2011
Author: Rachel Gooda


Articles from this Author

Contact a Private Client Partner


Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn