20th July 2010
Safe havens are hard to find these days which is why it seems a bit rich that one of them havens has been made a lot less attractive.
National Savings and Investments has withdrawn its fixed interest savings and indexed linked savings certificates, reported here on Citywire.co.uk. Rates on its direct saver and income bond have also been cut 0.25%.
In doing so it has removed one very popular way for risk averse savers to inflation proof their money.