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Scramble for savings option

National Savings and Investments (NS&I) has sought to reassure consumers it could meet demand for its inflation-beating savings product following a scramble to invest in it.

The Government-backed group said its Index-linked Savings Certificate, which it relaunched last week after a 10-month absence, had proved "very popular", with its call centre struggling to keep up with demand at some points.

It added that interest in the product had spiked on Saturday after it was featured on a BBC radio programme.