NS&I provisional Q2 2015-16 results

Q2 2015-16 Net Financing of £2.4 billion NS&I today published its un-audited quarterly results for the second quarter (July-September 2015) of the financial year 2015-16. NS&I delivered £2.4 billion of Net Financing in Q2 2015-16, giving a year-to-date total of £7.8 billion. NS&I’s latest quarterly Value Indicator figure was £67 million, giving a half year total of £89 million. NS&I’s target for 2015-16 is to deliver positive value, excluding the cost of the special Issue…

Savings levels up in summer 2015 as Britons aim to build their savings pots in the run-up to Christmas

NS&I’s Quarterly Savings Survey reveals the highest summer savings levels in a decade. Britons are now saving over £20 more a month than ten years ago. Britons expect to save even more this Autumn when savings traditionally spike Savings levels in Britain rose over the summer months putting Summer 2015 as the healthiest on record for levels of personal savings in a decade, the latest research from NS&I reveals.

NS&I reduces interest rate on Direct ISA

Change will ensure NS&I continues to balance interests of its savers, taxpayers and the stability of the broader financial services sector NS&I today announced that it is reducing the interest rate on its Direct ISA by 0.25% to 1.25% tax-free/AER. This change will come into effect from 16 November 2015. NS&I will be notifying customers affected by the interest rate reduction at least sixty days in advance of it taking place.