NS&I is reducing the interest rate on its Direct ISA by 25 basis points from 1.00% tax-free/AER to 0.75% tax-free/AER from 24 September 2018. The decision to reduce the interest rate on Direct ISA was taken in order to deliver positive value for taxpayers.
NS&I is reducing the maximum purchase limit for new sales of 1 and 3-year terms of Guaranteed Growth Bonds and Guaranteed Income Bonds, from £1 million to £10,000 (£20,000 jointly) from today (11 June 2018).
Two Premium Bond holders have received more than just chocolate eggs this Easter weekend, as NS&I’s Agents Million have paid visits to Dorset and Hampshire and the Isle of Wight to tell them that they have each scooped the jackpot prizes of £1 million in April’s Premium Bonds prize draw.
New research from NS&I reveals that personal finance worries are having a negative impact on the wellbeing of 17 million Britons, with a quarter (26%) revealing that the state of their personal finances has had a negative effect on their mental health.