National Savings & Investments
National Savings & Investments (NS&I) is a type of Government borrowing and is therefore 100% backed
by the Goverment regardless of the amount that you invest. NS&I offer a number of different products
of which we have highlighted four types, each with different time scales. Several of NS&I’s products are
tax free. We have grossed up these to give a post tax Gross Annual Equivalent Rate which allows
for a direct comparison with other cash options.
Growth and Income Bonds are identical except that Income Bonds pay monthly interest.
Therefore, for terms of over a year, the Annual Equivalent Rate for Income Bonds will be lower
as investors will not earn interest on their interest.
Fixed Interest Saving and Index Linked Savings Certificates are tax free. Index Linked
Savings are fixed to the Retail Price Index (RPI), not the Consumer Price Index (CPI).
Please visit the NS&I website for full information:
http://www.nsandi.com/index.jsp
| National Savings & Investments |
Gross Yield |
As of |
Term |
Min Deposit |
Max Deposit |
Net Lower Rate tax |
Net Higher Rate tax |
| RPI + 1 |
AER |
|
|
Fixed Interest Savings Certificates 47th Issue
|
1.25%
|
08/03/2010
|
2 yrs
|
£100
|
£15,000
|
1.56%
|
2.08%
|
|
Fixed Interest Savings Certificates 96th Issue
|
2.25%
|
08/03/2010
|
5 yrs
|
£100
|
£15,000
|
2.81%
|
3.75%
|
| RPI + 1 |
AER |
|
|
Index Linked Certifcates Issue 18
|
RPI + 1%
|
08/03/2010
|
3 yrs
|
£100
|
£15,000
|
1.25%
|
1.67%
|
|
Index Linked Certifcates Issue 45
|
RPI + 1%
|
08/03/2010
|
5 yrs
|
£100
|
£15,000
|
1.25%
|
1.67%
|
Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority