Debt Support Trust announced back in April the return of National Savings and Investments was on the horizon but yesterday it was announced they were coming into effect.

This product allows people to protect themselves from against inflation by guaranteeing that savings and investments will not be lower than the retail price index  (RPI).

Savers will be able to invest up to £15,000 tax free in a five-year bond with an interest rate of RPI plus 0.5%.