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Media centre /
Press releaseCASH VALUES FOR NS&I’s INFLATION-BEATING SAVINGS IN MARCH 200917 February 2009Retail Prices Index decreases to 0.1% The tables attached provide the March 2009 cash values for Index-linked Savings Certificates held for one year or more. The calculator is a quick and easy way to check approximately how much Index-linked Savings Certificates are worth and includes supplements, bonuses and extra interest earned at the relevant rates for each issue. The calculator can also be accessed at www.nsandi.com/products/ilsc/calculator.jsp. Retail Prices Index For working out these values in March the Retail Prices Index figure is 210.1. The increase in the Index over the year is 0.1%. Inflation-Beating savings rates of return Index-linked Savings Certificates offer a tax-free2 return that beats inflation when held for at least a year. Deflation will not decrease the value of any investment in Index-linked Savings Certificates.
ENDS Notes to Editors 1. In the event of negative inflation from one anniversary to the next, then no index-linking is added, however the guaranteed interest will be added to the purchase value/ previous anniversary value to give the new anniversary value. If there is deflation throughout the whole term of the certificate, then provided that the certificate is held for the full term you would be entitled to the guaranteed compound rate of interest, which is currently 1% AER3 tax-free2. 2. All returns are free of UK Income Tax and Capital Gains Tax. 3. AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same. 4. RPI (Retail Prices Index) is the measure of inflation NS&I uses to calculate measures in the value of its Index-linked Savings Certificates. The RPI is compiled and published monthly by the Office of National Statistics. The RPI can go up or down. 5. The rate of RPI in January 2009 (announced 17 February 2009) will apply to investments in Inflation-Beating Savings from 1 March 2009. 6. Valuations for the 2-year, 3-year and 5-year Certificates are shown in separate tabs of the attached document. They are for indicative purposes only. 7. Customers requiring more information or an exact valuation of a certificate can call National Savings and Investments on 0845 964 5000. Maximum call charges from a BT landline are 4p per minute. Charges from other service providers will vary. For your security and to maintain the highest levels of service, calls may be recorded. 8. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments products to 28 million customers. All products offer 100% capital security, because we are backed by HM Treasury. 9. Subscribe to the NS&I RSS newsfeed. Simply copy and paste this link www.nsandi.com/mediacentre.xml into your RSS reader to receive regular news alerts from NS&I.
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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