NS&I reduces interest rate for new customers purchasing 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds

NS&I is reducing the interest rate for 3-year terms of Guaranteed Growth Bonds and Guaranteed Income Bonds by 25 basis points from today (6 March 2018). A new Issue of 3-year Guaranteed Growth Bonds will be available at 1.95% gross/AER and a new 3-year Issue of Guaranteed Income Bonds will pay 1.90% gross (1.92% AER). The rate on the 1-year terms of both products will remain unchanged.