Two new inflation-linked investments have been launched. In early June last year I commented on the attractiveness of National Savings & Investments (NS&I) index-linked certificates. At the time both three and five-year issues of the tax-free certificates were offering 1% pa above (RPI) inflation if held to maturity and, significantly, 0.85% or 0.75% above RPI if held for just twelve…
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Looking for a secure alternative to UK bank accounts? Three key points about NS&I Inflation-Beating Savings: They may be attractive if you are concerned about future inflationary risks. Inflation-Beating Savings offer a guaranteed interest rate, plus a return linked to the Retail Prices Index (RPI). Returns are also free of UK Income Tax and Capital Gains Tax. You can invest up…
NATIONAL SAVINGS Synopsis: Some National Savings & Investments (NS&I) rates have suddenly become competitive. We commented in an earlier posting that for 2009/10, NS&I´s agreed goal with the Treasury was to stand still, ie to balance inflows with outflows. This meant, in NS&I words, that it would continue ´to focus on balancing the interests of savers, the taxpayer and supporting stability…
