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Article: N is for ... National Savings Slade's World
- Article from:
- The Scotsman
- Article date:
- August 29, 1998
- Author:
CopyrightCopyright 1998 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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ONE of the main fears for savers is that inflation will chip away
at the value of their cash, leaving them with greatly reduced
spending power.
In recent years inflation has stayed low, so guarding against its
effects has been a fairly simple matter. But there is no guarantee
it will stay low and National Savings offers one way to shield your
savings.
The latest issue of National Savings index-linked certificates -
the13th -gives a guaranteed return of 2.5 per cent above the Retail
Prices Index providing you are prepared to lock your money away for
five years. All returns are free of both income tax and capital
gains tax. The minimum investment is GBP 100 and the maximum GBP
10,000.
If you ...