National Savings & Investments (NS&I) today announced both its fixed interest savings certificates and index-linked savings certificates have been withdrawn from general sale - because they are attracting too much investment.
It said by withdrawing the current issue now, it will ensure the net financing target set by the Chancellor for 2011/12 should not be exceeded. It follows four months of strong sales, it said. The government withdrew its index-linked national savings certificates for the same reason in July last year. NS&I's website and call centres stopped taking new sales at close of business yesterday (6 September). Postal applications received today will be honoured, but all postal applications received after midnight tonight will be returned to the customer. Jane Platt, NS&I chief executive, s...
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