Blow to savers, NS&I reduces rates and withdraws products

National Savings & Investments (NS&I) has dealt a blow to UK savers by withdrawing a number of its products and reducing the interest rates paid on others. NS&I Index Linked Certificates, which have been withdrawn with immediate effect, had recently become more popular as inflation steadily climbed. They provided investors with a guaranteed return above inflation which was also tax free. Fixed Interest Savings Certificates have also been withdrawn