• War Savings Certificates (1916–1920)

• Fixed Interest Savings Certificates Issues 2 to 6 (1920–1939)

• Fixed Interest Savings Certificates Issues 7 to 43 (1940–1996)

• Index-linked Savings Certificates Issues 1 to 4 (1975–1990)

At NS&I (previously known as National Savings) we are simplifying our range of accounts and investments to make them more consistent and easier to understand. As part of these plans we’re making some changes to how we calculate the future returns on our older Savings Certificates that were sold between 1916 and 1996. The changes will take effect on 11 November 2013.

What are the changes?

War Savings Certificates (1916–1920) and Fixed Interest Savings Certificates, Issues 2 to 6 (1920–1939)

• The amount invested and any interest earned in each Issue will be capitalised to give a total amount at close of business on 10 November 2013.

• From 11 November 2013, these Issues will earn interest daily at the General Extension Rate. (These Issues currently earn a specific amount of interest each year rather than a rate of interest.)

• No additional returns will be earned.

Fixed Interest Savings Certificates, Issues 7 to 43 (1940–1996)

• The amount invested and any interest earned in each Issue will be capitalised to give a total amount at close of business on 10 November 2013.

• From 11 November 2013, these Issues will earn interest daily at the General Extension Rate. (These Issues currently earn interest only for each complete period of three months for which a Certificate is held.)

• No additional returns will be earned.

Index-linked Savings Certificates, Issues 1 to 4 (1975–1990)

• The amount invested and any interest, bonus and/or supplements earned in each Issue will be capitalised to give a total amount at close of business on 10 November 2013.

• From 11 November 2013, these Issues will earn monthly index-linking only on the total investment value, for each complete month held.

• No additional returns will be earned.

• We are also changing the relevant RPI figure that we use when calculating the repayment value of investments in Issues 1 and 2. The relevant RPI figure will be the one published by the Office for National Statistics in the calendar month preceding the last complete month for which the Certificate was held. (Currently, the relevant RPI figure is the figure published by the Office for National Statistics in the calendar month preceding the calendar month in which repayment takes place.) This change will bring Issues 1 and 2 into line with all other Issues of Index-linked Savings Certificates.

What investors can do next

Customers holding these Issues of Savings Certificates can:

• cash in their investment;

• reinvest the value of their investment into a current Issue of Savings Certificates (minimum reinvestment £100); or

• leave their money invested under these new arrangements.

How to find out more

If you hold one or more of these older Issues of Savings Certificates, call us free on 0500 007 007.

Our UK customer service team is available every day from 7am till midnight.

Calls from mobiles and some landline providers may not be free. Calls may be recorded.

National Savings and Investments is a Trade Mark of the Director of Savings

National Savings and Investment is backed by HM Treasury