Latest news

National Savings and Investments (NS&I) is to launch a Direct ISA – available from 6 April 2006, online and by telephone – which pays a competitive interest rate of 5.05% per annum, guaranteed to stay 0.55% above the Bank of England base rate for at least the next two years.

National Savings and Investments (NS&I), has today announced that Alan Cook CBE, Chief Executive, will be leaving the government-backed savings and investments provider on 28th February 2006. He will be joining Post Office Ltd as Managing Director on 1st March 2006. Trevor Bayley, currently Deputy Chief Executive and Finance Director, will become Acting Chief Executive

NS&I took home the honours in the DBA Design Effectiveness Awards, winning the sought-after digital media award for its website www.nsandi.com.

Financial Services Award goes to Siemens Business Services for NS&I call centres.

National Savings and Investments (NS&I), the government-backed savings and investments provider, has joined the Financial Ombudsman Service (FOS) voluntary jurisdiction scheme, creating a streamlined complaints service for customers and bringing the organisation further into line with the UK retail financial services industry.

New online service: customers able to invest in National Savings and Investments new GEB at www.nsandi.com from 11 May

Karen Jones has been appointed marketing director of NS&I, and will take up her position Monday 11 April 2005. Karen will become a member of the NS&I board.

Nelson Money Managers to provide optional independent financial advice.

Premium Bonds, the fun yet secure investment that gives savers the chance to win £1 million or any of the other one million tax-free prizes awarded every month, can now be bought online at www.nsandi.com following major redevelopment of the NS&I website in January.

The Financial Secretary to the Treasury, Stephen Timms, has appointed Paul Spencer as the new chairman of the board of NS&I, the government backed savings and investments provider, from 1 January 2005.