If you want to make sure your investment will grow ahead of RPI inflation, tax-free
Who can invest?
Anyone aged 7 or over; can also be bought on behalf of under-7s
Minimum purchase
£100
Maximum
£15,000 per issue
Investment term
Choice of terms — currently 3 and 5 years
Interest
Index-linking to Retail Prices Index (RPI) plus guaranteed interest on top. No index-linking or interest will be earned on Certificates cashed in within one year of purchase.
Tax status
Tax-free
They may be right if you:
want to be sure that your savings will grow ahead of inflation, as measured by the Retail Prices Index
want to make the most of tax-free investment opportunities
have £100 or more to invest
can leave your money invested for the whole investment term
They may not be right if you:
want a regular income from your savings
might need access to your money during the investment term. No index-linking or interest is paid if you cash in within the first year
