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Interest rate reductions for some of NS&I’s fixed-term products, effective from today, 11 September 2024Changes will ensure NS&I’s interest rates are positioned appropriately in the wider market and help NS&I to balance the interests of its savers, taxpayers and broader financial service sectorNew Issues of NS&I’s 2-year, 3-year and 5-year British Savings Bonds have gone on sale today, 11 September 2024, with new interest rates reflecting the changing savings market.

New 2- and 5-year fixed rate British Savings Bonds on sale today, increasing choice for savers Interest rate increase for existing 3-year fixed rate British Savings Bonds NS&I is today increasing the choice available to savers looking for the security of guaranteed fixed rates with the release of new 2- and 5-year Issues of British Savings Bonds. NS&I is also increasing the interest rate on the existing 3-year fixed-term British Savings Bonds.

Issue 6 of Green Savings Bonds is released today at a fixed-rate of 3.95% gross/AER over a three-year fixed-term Money invested in Green Savings Bonds helps finance green projects as part of the UK Government Green Financing Framework Funding raised is outside of NS&I’s Net Financing target A new Issue of Green Savings Bonds has been released today paying 3.95% gross/AER fixed-rate over a three-year term.

 

 

 

Premium Bonds prize fund rate to increase to 3.70%, its highest rate in 15 years Junior ISA interest rate increased to 3.65%, benefitting 89,000 young savers The Premium Bonds prize fund rate will reach a 15-year high from the July prize draw, with NS&I announcing that it will increase to 3.70% from 3.30%. The changes will see an additional £39 million in prizes available for Bondholders.

More than 333,000 NS&I Direct ISA customers are set to benefit from today, with the interest rate NS&I pays on the account increasing from 2.15% tax-free/AER to 2.40% tax-free/AER. The increase to the interest rate paid on NS&I’s Direct ISA follows upwards changes made to Premium Bonds, Income Bonds and Direct Saver earlier this year. In February this year, NS&I also brought one-year Guaranteed Growth Bonds and Guaranteed Income Bonds back on sale.

  • Premium Bonds prize fund rate increases to 3.30% from March 2023 draw • Fifth prize fund rate increase for Premium Bonds in the last year • Interest rate increases for Direct Saver and Income Bonds to 2.85% with immediate effect   The Premium Bonds prize fund rate is increasing to 3.30%, up from 3.15%, effective from next month’s draw, meaning around £15 million more in prizes up for grabs.

  New NS&I Green Savings Bonds Issue released today at a fixed-rate of 4.20% gross/AER over a three-year term Money invested in Green Savings Bonds will help finance green projects as part of the UK Government Green Financing Framework A new Issue of NS&I’s Green Savings Bonds has been released today paying 4.20% gross/AER fixed-rate over a three-year term. Savers putting money into Green Savings Bonds will be helping fund vital green projects across the UK as part of the UK…