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?
- 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 at ons.gov.uk and search for CPI all items index or RPI all items index.)