(In the UK) a document issued to savers by the government guaranteeing fixed interest for five years on a deposit.
- You can invest tax-free in National Savings and Investments Premium Bonds, Children's Bonds or various savings certificates.
- You can also buy two-year and five-year index-linked savings certificates, the first currently paying 3% over inflation, and the second 2%, again tax-free.
- Taxfree savings certificates can prove popular, particularly for higher-rate taxpayers who have already used up their other tax-free options.
For editors and proofreaders
Line breaks: sav¦ings cer¦tifi|cate
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.