Results
NS&I increases interest rates on ISA products
NS&I has announced that it is increasing interest rates on both its Junior ISA and Direct ISA. Interest rates paid on Junior ISA will be increasing by 75 basis points from 2.50% AER to 3.25% AER. In addition, the interest rate paid on Direct ISA will be increasing by 15 basis points from 0.75% AER to 0.90% AER.
NS&I increases interest rates and issues provisional Q1 2018-19 results
NS&I today announced that it is increasing interest rates across the following variable rate products from 1 October 2018.
2017-18 Annual Report and Accounts: A substantial contribution to government finance
Delivering cost-effective debt financing to the Government remains NS&I’s core objective. At the March 2017 Budget, our Net Financing target for 2017–18 was set at £13 billion (in a range of £10 billion to £16 billion).
NS&I reduces interest rate on Direct ISA
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 increases interest rate on Junior ISA
NS&I has today increased the interest rate on its Junior ISA by 25 basis points to 2.50% tax-free/AER.