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Consumers welcome the return of inflation-linked bonds


National Savings & Investments (NS&I) has reintroduced one of its most popular products – tax-free, inflation-proof savings bonds.


The bonds, which give savers protection against inflation, were withdrawn in July last year due to high demand.


However, savers will now be able to invest from £100 up to £15,000 tax free in a five-year bond with an interest rate of RPI plus 0.5%.


Unlike the previous deal, NS&I will be offering the certificates over a five-year term only, rather than three or five-years. It hopes the changes will mean it is able to keep the product on sale for as long as possible.


‘Our aim is to keep Savings Certificates on sale for a sustained period of time and to enable as many savers as possible who wish to invest to do so,’ said Jane Platt, NS&I chief executive.


The move has been welcomed by many consumers although savers have been advised to act quickly after brokers warned that the certificates could ‘sell out in weeks’.


In the Budget in March, the Chancellor George Osborne increased the net financing target for NS&I by £2bn.


The certificates are available from, by post or by telephone on 0500 500 000.