One of the most popular savings products on the market which was withdraw not long ago is set to return shortly. National Savings & Investments are to bring back inflation linked savings bond.
The five year bonds allow savers to protect their money against the effects of rising prices. They pay out at the rate of inflation, measured by the retail price index plus 0.5%.
Jane Platt, Chief Executive of National Savings & Investments, was quoted as saying “Last year we had to take the product off sale because it was very popular.” The bond which offers a much better return than any other saving product on the market at the moment is looking to raise about 2 Billion pounds
Almost a million people sign up for the saving product when they were notified via email that the product is back on sale. Millions more re expected to sign up now that the general public is aware of return if this extremely popular saving product.
National Savings & Investment product is usually available on the post office counters but this particular product will not be offered though the post office, it can only be bought online or on the telephone.
No guarantees were offered as to how long National Savings inflation-linked bond will be on sale but it is hopped it will be on sale for far loner than it was when it was withdrawn.
You can find more information about the product and details of the interest and bonuses it accrues over its five year life term at national savings website.