Inflation-beating savings plan opens
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.National Savings and Investments today relaunched its popular Inflation Beating Savings product 10 months after it was forced to withdraw it due to "overwhelming demand".
The move is welcome news for consumers who are struggling to stop the value of their savings from being eroded by inflation, as the Government-backed group's Index-linked Savings Certificate pays a return that is linked to the Retail Prices Index.
But unlike previous issues of the product, NS&I will be offering the certificate over a five-year term only, rather than a three or five-year one, in a bid to keep it on sale for as long as possible.
Savers can invest up to £15,000 into one of the certificates, and will receive a tax-free return each year based on RPI inflation and fixed interest of 0.5%.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments