Press Release

NATIONAL SAVINGS AND INVESTMENTS INFLATION-BEATING SAVINGS CASH VALUES IN MAY 2007

17 April 2007

Retail Price Index increases- now at 4.8%

The range of Inflation-beating Savings currently offer equivalent returns of up to 9.91%*

 
The link below provides the May 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 May, the Retail Price Index figure is 204.4. The increase in the Index over the year is 4.8%.

Inflation-beating savings rates of return

Because Index-linked Savings Certificates offer a tax-free2 return that beats inflation, it makes them particularly attractive for basic as well as higher rate taxpayers.

Investment terms and interest rate

Investment terms and interest rate

Equivalent gross rate for basic rate taxpayers

Equivalent gross rate for higher rate taxpayers

5-year (Issue 41)

1.10% + index-linking

(RPI currently 4.8%)

 

7.37%

 

9.83%

3-year (Issue 14)

1.15% + index-linking

(RPI currently 4.8%)

 

7.43%

 

9.91%

*These figures assume the RPI rises by 4.8% each year for the next five years and current rates of tax

Notes to Editors

1.      Valuations for the 2-year, 3-year and 5-year Certificates are shown in separate tabs. They are for indicative purposes only.
2.      All returns are free of UK Income Tax and Capital Gains Tax.
3.      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.
4.      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.
5.      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.

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