Cash values for NS&I’s Index-linked Savings Certificates in August 2015

14 July 2015

The cash value of NS&I’S Index-linked Savings Certificates has been updated to reflect the new Retail Prices Index (RPI).

As of 14 July the Retail Prices Index stands at 258.9.

NS&I’s Index-linked Savings Certificates are lump sum investments, designed to be held for fixed terms. They pay a fixed rate of interest on top of the rate of inflation (as measured by the Retail Prices Index) to ensure that savings stay ahead of rising prices. On each anniversary interest and index-linking are added to the Certificate.

Retail Prices Index

To calculate the value of NS&I’s Index linked Savings Certificates in August1 NS&I uses the Retail Prices Index (RPI) figure for June, published in July. As of 14 July the RPI is 258.9 meaning that the Index is 1.0% higher than it was one year ago.

NS&I’s Index-linked Savings Certificate calculator

NS&I’s Index-linked Savings Certificate calculator is a quick and easy way to get an approximation of how much Index-linked Savings Certificates are worth and includes interest earned at the relevant rates for each Issue.

How much are your certificates worth?

The calculator can only provide a value for Index-linked Savings Certificates within their current investment terms.

Index-linked Savings Certificates rates of return

Index-linked Savings Certificates offer a tax-free2 return that beats inflation when held for the full investment term.

Issues currently available to existing customers with maturing Index-linked Savings Certificates only Rate p.a./ AER3
5-year (Issue 52)Guaranteed compound rate over 5 years RPI4 + 0.05%
3-year (Issue 25)Guaranteed compound rate over 3 years RPI4 + 0.05%
2-year (Issue 42)*Guaranteed compound rate over 2 years RPI4 + 0.05%

*Only available to customers with maturing 2-year Certificates

In August 2012 NS&I announced changes to its Savings Certificates.

You can view the changes here.

Notes to Editors

  1. The RPI for June 2015 (announced 14 July 2015) will apply to investments, valuations and repayments made by customers during August 2015.
  2. All returns are free of UK Income Tax and Capital Gains Tax.
  3. AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same.
  4. Retail Prices Index (RPI) is the measure of inflation NS&I uses to calculate changes in the value of its Index-linked Savings Certificates. The RPI is compiled and published monthly by the Office for National Statistics. The RPI can go up or down.
  5. Valuations for 2-year, 3-year and 5-year Certificates invested in or renewed before 20 September 2012, are shown in separate tabs of the attached document. They are for indicative purposes only and show the value if you were to cash in during August 2015.
  6. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to over 25 million customers. All products offer 100% capital security backed by HM Treasury.