Savers wake up to more bad news this morning as National Savings & Investments (NS&I) announce they have withdrawn their popular Index Linked certificates overnight.
NS&I stopped taking sales via its website and call centre yesterday, postal applications received today (7th September) will be accepted, but any received after today will be returned.
The Fixed Interest certificates have also been withdrawn, although these were not as popular as the Index Linked versions, which provided a tax free return above RPI (Retail Prices Index). Given current rates of inflation the Index Linked accounts looked extremely attractive and were rightly popular.
The certificates had been ...