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.The deal
Santander has launched issue 8 of its Inflation Linked Savings Bond which pays 105 per cent of the growth in the Retail Prices Index.
The good points
The bond could help ensure the real value of your savings will not be eroded by inflation. Santander is also offering a minimum return over five and half years of 18 per cent, which works out at 3.06 per cent AER.
The bad points
You have to lock your cash away for five and a half years. The way returns are calculated is complicated.
Conclusion
Inflation-beating returns are attractive when interest rates are at record lows. But economists predict that the RPI will start to fall quite dramatically next year, which could quickly leave the returns on the bond looking much less attractive.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments