Despite only being re introduced in May National Savings & Investments (NS&I) has issued a warning over excess demand for these popular savings products.
NS&I has said that it will need to monitor ‘pent up demand’ for the Index Linked Certificates, which have been popular amongst savers.
The certificates provide a tax free return which is guaranteed to be above inflation. Despite the £15,000 cap on how much each saver can invest per issue the products have been popular as savers try and combat the twin effects of low interest rates and high inflation.
NS&I put the Index Linked ...