Index-linked Savings Certificates bought between 2 June 1975 and 7 October 1996

We’re changing the return on these investments

  • Did you buy any Index-linked Savings Certificates from NS&I (formerly National Savings) between 2 June 1975 and 7 October 1996 (Issues 1 to 9)?
  • Do you still have the money invested?
  • Change your personal details
  • If so, you need to know that we’re about to change the return you earn on these investments.

These investments are on what we call ‘extension terms’, earning index-linking only. We are now making a change to the extension terms. Your investment is currently index-linked to the Retail Prices Index (RPI), which is one measure of inflation. But from the next anniversary of your investment that falls on or after 1 May 2019, we will calculate the index-linking using the Consumer Prices Index (CPI) instead. The CPI is generally lower than the RPI, so this means you will probably receive a lower return.

(To find out more about CPI and RPI, visit the Office for National Statistics website and search for CPI all items index or RPI all items index.)

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