Three decades of NS&I inflation-proof savings

clock

Sales of index-linked savings certificates issued by National Savings & Investments have been going for thirty years today.

About £8.7bn is currently invested by some 600,000 people in the three and five-year product, which has seen its maximum investment rise from £500 in 1975 to £15,000 today. That original sum invested would be worth £4,781 today cmopared with £2,565 from a typical savings account, NS&I says. Current five-year certificates pay RPI+1.05%, or 4.25%, while the three-year ones pay RPI+0.95%, or 4.15%. NS&I says the cost of the typical shopping basket has gone up by 530% in the past 30 years. Then the ingredients of a family breakfast would leave change from a pound, wheras today it would co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read