Index-linked Savings Certificates
Inflation-beating, tax-free returns
How to invest
- Manage existing Certificates
How to invest
Off
sale
Inflation-beating, tax-free returns
NS&I Index-linked Savings Certificates guarantee that your investment will grow in spending power each year, whatever happens to the cost of living. That's because they ensure the value of your savings is guaranteed to grow ahead of inflation, as measured by the Retail Prices Index (RPI), if you keep your investment for the whole term and don't make any withdrawals.
There are no Issues on general sale at the moment, but if you register below for email updates we’ll let you know as soon as the next Issues go on sale.
Register
Fill in your details below to receive email updates on developments at NS&I. It’s the quickest, easiest way to stay up-to-date with the latest information from us about new Issues of our fixed-rate savings and investments, interest rate changes, events, competitions and more.
We won't share your personal information with other companies for their marketing purposes. We sometimes use other companies to deliver emails from NS&I on our behalf, but we won't allow them to use your details for anything else.
By completing this form you are confirming that you are 18 or over and you agree to receive email updates at the address you provide.
*required fields
I can confirm that I have read and agreed to NS&I's privacy policy.
You can unsubscribe at any time.
Manage existing Certificates
Index-linked Savings Certificates will start changing on 20 September 2012
This means that the way you can look after your Certificate depends on when you invested in it.
Changes
If you invested in, or renewed the Certificate, before 20 September 2012, find out more here >
If you invested in, or renewed the Certificate, on or after 20 September 2012, find out more here >
If the changes affect you, we’ll write to you around 30 days before your Certificate matures. Below is a brief overview of the changes.
What’s new with Index-linked Savings Certificates?
The changes at a glance
Financial changes
- penalty and loss of index-linking for cashing in early
- minimum balance of £100
- single annual rate of interest for each Issue
Looking after your investment
- fewer options when your investment matures
- annual statements to help you keep track
- new online and phone service
Rules for investors
- joint investors can combine their investment allowance
- minimum age 16 for new and renewed investments: children under 16 can no longer hold Savings Certificates
If you have an existing Index-linked Savings Certificate, don’t worry. The changes will only affect you if your Certificate matures on or after 20 September 2012, and you choose to renew it for a further term. So you don’t need to do anything yet.
We’ll write to you around 30 days before your Certificate matures, to remind you that it’s time to decide what to do with your money. We’ll include full details of the changes to your investment, together with information explaining your choices for renewing or cashing in.
Find out more about the changesFor Certificates invested in or renewed before 20 September 2012
Before
This information is for customers who invested in, or renewed, Index-linked Savings Certificates before 20 September 2012.
If you have any Certificates that you invested in, or renewed, on or after 20 September 2012, you can find out more here >
Each time we release a new Issue, you can invest up to a further £15,000 per person in it regardless of how much you may have invested in previous Issues. The minimum for each investment is £100.
Joint investors can combine their allowance to invest up to £30,000 per Issue (when on sale). Half of any amount you invest jointly will count towards your personal investment limit. For example, if you invested £15,000 jointly in a particular Issue, you could still invest a further £7,500 in that Issue in your own name.
There are no Issues on general sale at the moment, but if you register for email updates we’ll let you know as soon as the next Issues go on sale.
Register todayIndex-linked Savings Certificates are designed to be held for the whole investment term to receive the full compound interest. This is because the fixed rates of interest we pay increase each year during the investment term.
But if you need access to your money you can cash in your Certificate early. Any return you receive will depend on when you cash in:
During the first year
You won’t earn any index-linking or interest, but we’ll pay you the full amount of your original investment.
On an anniversary date
We’ll pay you the anniversary value for that year, which will include any positive index-linking and fixed interest at the rate that applies for that year.
Between anniversary dates
We’ll pay you the most recent anniversary value plus any positive index-linking and fixed interest for each complete month since then.
If the RPI figure has gone down since the previous anniversary, you will still receive the full anniversary value plus fixed interest for each complete month.
To cash in, you can download and complete the cashing in form below and post it to us, or call us and we’ll send you one. To cash in a joint Certificate, both investors must sign.
Please note that the form below is only to cash in Certificates invested in or renewed before 20 September 2012. If you’re unsure if this is the correct form for you, please call us
Download the Index-linked Savings Certificate cashing in formOur online calculator will give you an estimate of the value of the Certificates you currently hold on today's date.
Before using the calculator, you’ll need to know:
- the amount you invested at the beginning of the current investment term
- the investment date shown on your certificate or latest valuation letter
- the term of your investment.
Please note: the calculator is only for guidance and may not be exact.
This calculator was updated with the latest Retail Prices Index (RPI) figure, announced 21 May 2013
Or you can call us for a valuation.
We’ll write to you around 30 days before your Certificate matures, to explain the options. We’ll include an estimate of the value of your investment, together with information explaining your choices for renewing or cashing in.
Please let us know if you change any of your details to make sure any communications reach you.
Find out how to change your detailsFor Certificates invested in or renewed after 20 September 2012
After
This information is for customers who invested in, or renewed, Index-linked Savings Certificates on or after 20 September 2012.
If you have any Certificates that you invested in, or renewed, before 20 September 2012, you can find out more here >
Looking after your Certificate online and by phone
Using our online service is a safe, simple and convenient way to manage your NS&I Index-linked Savings Certificate. Once you’ve registered and heard from us that your service is up and running, you’ll be able to:
- apply to buy Index-linked Savings Certificates (when Issues are on sale) and other NS&I accounts and investments
- keep track of your money with NS&I and get valuations
- cash in (remember there is a penalty for cashing in early)
- keep your details up to date including your address, email and nominated bank accounts
- choose to go paperless (available online only)
Each time we release a new Issue, you can invest up to a further £15,000 per person in it regardless of how much you may have invested in previous Issues. The minimum for each investment is £100.
Joint investors can combine their allowance to invest up to £30,000 per Issue (when on sale). Half of any amount you invest jointly will count towards your personal investment limit. For example, if you invested £15,000 jointly in a particular Issue, you could still invest a further £7,500 in that Issue in your own name.
There are no Issues on general sale at the moment, but if you register for email updates we’ll let you know as soon as the next Issues go on sale.
Register todayYou can cash in all or part of your Index-linked Savings Certificate before the end of the term, but we will deduct a penalty equivalent to 90 days’ interest on the amount you cash in. You’ll also lose the index-linking on your whole Certificate for that year. Please note that if you cash in within the first 90 days, you will get back less than you invested. If you cash in part of your Certificate, you must keep at least £100 invested.
If you’ve registered to use our online and phone service, you can cash in by logging in here or calling 0500 007 007. Otherwise download and complete the cashing in form below.
Please note that the form below is only to cash in Certificates invested in or renewed on or after 20 September 2012. If you’re unsure if this is the correct form for you, please call us
Download the Index-linked Savings Certificate cashing in formIf you’ve registered to use our online and phone service, you can get a valuation by logging in here or calling 0500 007 007. Otherwise just write to us for a valuation.
We’ll write to you around 30 days before your Certificate matures, to explain the options. To make sure we can get in touch at this important time, please let us know of any change of address or contact details.
If you’ve registered to use our online and phone service, you can change your details using our online and phone service by logging in here or calling 0500 007 007.
Or you can let us know the changes by post by writing to us >
