Results

NS&I today announced that it was reducing the interest rate on its Direct ISA by 0.25% to 1.50% tax-free/AER. This change will come into effect from 27 February 2014.

In today’s Autumn Statement, the Chancellor announced that NS&I’s Net Financing target for 2013-14 is to be revised. NS&I’s original target for 2013-14 was £0 (in a range of £2 billion either side of this, from -£2 billion to £2 billion).

NS&I today announced changes to its Income Bonds. The changes are part of the final stage of NS&I’s programme to simplify and modernise its savings range, and to grow the number of customers transacting with it directly by post, phone and online.

NS&I today announced its annual results for the year to 31 March 2013.

NS&I today announced that it was reducing the annual Premium Bond prize fund rate by 0.20% to 1.30%1 from 1 August 2013. The odds of each £1 Bond number winning a prize will change to 26,000 to 1 from 24,000 to 1.

NS&I today announced that it was reducing the interest rate on its Income Bonds to 1.25%, its Direct Saver to 1.1% and its Direct ISA to 1.75%.

NS&I today announced that Atos has been awarded an outsourcing contract to deliver customer-facing and back office services to NS&I’s 25 million customers.

NS&I today announced the latest stages of its programme to simplify and modernise its savings range, and to grow the number of customers transacting with it directly by post, phone and online.

National Savings and Investments (NS&I) has appointed Rodney Norman as Director of Finance and Business Insight. He took up the post on 9 July 2012.

NS&I’s Investment Account becomes postal only with a new, improved interest rate of 0.75%.