NS&I Index-linked Savings Certificates have changed
From 1 May 2019 if you decide to renew an existing Certificate, we will calculate the index-linking using the Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI). The CPI is generally lower than the RPI, so this means you will probably receive a lower return.Your right to cancel
Because of this change, we are now giving you the right to cancel your investment. So if your Certificate automatically renews for the same term, you’ll be able to cancel it within 30 days of the date your Certificate renews. We’ll then refund the full value of your new Certificate with any interest due.
Note that if you choose to renew your Certificate for a different term, you won’t have the right to cancel. Instead, you can cash it in at any time but the usual penalty will apply (see the summary box).