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NS&I launch new savings certificates

Published: 12/05/2011

NS&I has announced that it is to launch new savings certificates for five-year terms. 

The tax-free savings option includes index-linked certificates and fixed interest ones. The upper limit for investments is £15,000 per issue.

It comes after the March Budget set the saving organisation's financing target at £2 billion, allowing it to reintroduce the savings certificates after they were withdrawn from the public in July 2010 after experiencing soaring demand for the product.

NS&I said at the time that the demand risked the organisation exceeding its net financing range.

"Our aim is to keep savings certificates on sale for a sustained period of time and to enable as many savers as possible who wish to invest to do so," commented Jane Platt, chief executive of NS&I. "With this in mind we will be offering a five-year term, only available direct from NS&I.

"We understand fully that we will see very high demand for Index-linked savings certificates. For those who want to invest the easiest and quickest way is to visit nsandi.com."

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Last Updated: 11-02-2012