New rates of interest have been published by National Savings & Investments today in the wake of rec...
New rates of interest have been published by National Savings & Investments today in the wake of recent rises in gilt yields. The executive agency, answerable to the Treasury, is particularly keen to point out the returns possible from its tax-free products: fixed interest savings certificates and index-linked savings certificates. The latter, which now pay out RPI+0.90% would return 3.40% per annum on inflation of 2.5% - or a return of 5.66% gross per annum for a higher rate tax payer, NS&I says. Despite the government's planned switch to using the harmonised index of c...
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