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Media centre /
Press releaseCASH VALUES FOR NS&I’S INFLATION-BEATING SAVINGS IN JULY 200712 June 2007Retail Price Index decreases- now at 4.3% NS&I’s range of Inflation-beating Savings currently offer equivalent returns of up to 9.41%* per year The link below provides the July 2007 cash values for Index-linked Savings Certificates held for one year or more. The charts refer to all certificates bought by investors since their first launch in 1975. The charts show the exact value of a £100 Certificate including supplements, bonuses and extra interest. The calculator and tables can be accessed at www.nsandi.com/products/ilsc/calculator.jsp
Retail Prices Index For working out these values in July, the Retail Price Index figure is 206.2. The increase in the Index over the year is 4.3%. Inflation-beating savings rates of return Because Index-linked Savings Certificates offer a tax-free1 return that beats inflation, it makes them particularly attractive for basic as well as higher rate taxpayers. Assuming the RPI remains at its current rate of 4.3% p.a. over the term of the certificates, basic rate taxpayers would need to find a taxable product paying a net rate of 7.06% to match this rate, and higher rate tax-payers similarly 9.41%.
ENDS Notes to Editors 1. All returns are free of UK Income Tax and Capital Gains Tax. 2. RPI (Retail Prices Index) is the measure of inflation NS&I uses to calculate measures in the value of its Index-linked Savings Certificates. The RPI is complied and published monthly by the Office of National Statistics. NS&I continues to use the RPI as the measure of inflation, and not the Consumer Prices Index (CPI), which the Government now uses for its inflation target. Both the RPI and CPI can go up or down, and the differences between them can change. 3. Valuations for the 2-year, 3-year and 5-year Certificates are shown in separate tabs. They are for indicative purposes only. 4. Customers requiring more information or an exact valuation of a certificate can call National Savings and Investments on 0845 964 5000. Maximum call charges from a BT landline are 4p per minute. Charges from other service providers will vary. For your security and to maintain the highest levels of service, calls may be recorded. 5. National Savings and Investments is one of the largest savings organisations in the UK, offering a range of savings and investments products to 27 million customers. All products offer 100% capital security, because they are backed by HM Treasury. 6. Subscribe to the NS&I RSS newsfeed. Simply copy and paste this link www.nsandi.com/mediacentre.xml into your RSS reader to receive regular news alerts from NS&I.
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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