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Media centre /
Press releaseCASH VALUES FOR NS&I’s INFLATION-BEATING SAVINGS IN SEPTEMBER 200919 August 2009RPI inflation increases to - 1.4% The tables attached provide the September 2009 cash values for Inflation-Beatings Savings (Index-linked Savings Certificates) held for one year or more. NS&I’s Inflation-Beating Savings are lump sum investments, designed to be held for two, three or five years. The Savings Certificates pay a fixed rate of interest on top of the rate of inflation (as measured by the Retail Prices Index) to ensure that savings stay ahead of rising prices. On each anniversary interest and index-linking are added to the Certificate. NS&I’s spreadsheet calculator is a quick and easy way to check approximately how much Index-linked Savings Certificates are worth and includes supplements, bonuses and extra interest earned at the relevant rates for each Issue. The calculator can also be accessed at www.nsandi.com/products/ilsc/calculator.jsp. Retail Prices Index For working out these values in September 4 the Retail Prices Index figure is, 213.4 meaning that the Index level is 1.4% lower than it was a year ago. Inflation-Beating Savings rates of return Index-linked Savings Certificates offer a tax-free return that beats inflation when held for at least a year.
ENDS Notes to Editors * Calls from mobiles may not be free. Calls may be recorded. Calls will be taken by one of NS&I’s award-winning UK customer service team, available every day from 7am till midnight. 1. All returns are free of UK Income Tax and Capital Gains Tax. 2. AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same. 3. RPI (Retail Prices Index) is the measure of inflation NS&I uses to calculate changes in the value of its Index-linked Savings Certificates. The RPI is compiled and published monthly by the Office of National Statistics. The RPI can go up or down. 4. The RPI in July 2009 (announced 18 August 2009) will apply to investments, valuations and repayments made during September 2009. 5. Valuations for the 2-year, 3-year and 5-year Certificates are shown in separate tabs of the attached document. They are for indicative purposes only and show the value if you were to cash in during September. 6. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to almost 27 million customers. All products offer 100% capital security, because we are backed by HM Treasury. 7. 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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