Hi Janeabc.

Your Certificates are based on the Retail Price Index (which shows up 2.8% this last 12 months) over their life, plus a small annual bonus, all tax free.

Given that the basic target of all investments is to match inflation, these do that, plus a little, risk-free as well as tax-free.

You'd get a very poor deal were you to encash them early so personally I'd hold on to them.

Foolishly yours.

bd.