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NS&I's newSavings Certificates are available to savers in a 5-year term only and are tax-free
(23/05/2011)

The March 2011 budget confirmed NS&I's Net Financing target for 2011-12 as £2 billion (within a range of +/- £2 billion). To meet this target NS&I will need to achieve inflows of some £14 billion. This has given NS&I the ability to reintroduce Savings Certificates following their withdrawal from general sale in July 2010 due to exceptional demand which risked NS&I exceeding its Net Financing range for 2010-11. Savers will have the opportunity ... [more]

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