We currently offer lssues which are only available to customers with maturing Certificates. They are not on general sale. Your client can renew up to the total value of the maturing Certificate, including all the interest your client earned. Or your client can cash in some of the investment and renew the balance. Your client won’t be able to add any extra money to the Certificate.
For details of options at maturity for existing customers, please click on the ‘Learn more at NS&I’ button below and scroll down to the ‘Renewing your Certificate’ section.
Before your clients decide, please ask them to read the summary box and the key features leaflet, including the terms and conditions.
FAQs about Fixed Interest Savings Certificates
Why are Fixed Interest Savings Certificates allowed to be held in trusts jointly by the trustee(s) and beneficiary(ies)?
Savings Certificates are the oldest products in our current range and the original regulation permitted their use in this type of trust. Since then, we have sought to simplify and standardise our customer agreements for other products we’ve introduced, only making these newer products available for trusts held by the trustee(s) (which we consider ‘true’ trusts). While Savings Certificates remain available in the former type of trust today, we review our product range regularly and this may change in future.
Yes. We’ll write to them in advance of their investment maturing, providing them with details of their options – and one of these will be to renew their Certificates in a new term. If the customer doesn’t take any action at maturity, the Certificate will renew with another term of the same length.