National Savings & Investments (NS&I) has announced it will increase the interest rates on its Direct ISA, Direct Saver and Income Bonds.
National Savings and Investments (NS&I) is agovernment backed form of savings account, meaning that they offer a secure way to store your money away. They benefit from having no limit to the amount that the government will protect, in contrast to a normal bank's savings accounts. When you ...
26 March 2025 Q3 2024-25 Net Financing of £5.5 billionAs of 31 December 2024, Net Financing total of £8.9 billion, against a whole-year target of £9 billion (+/- £4 billion)2024-25 Net Financing whole-year forecast is £10.5 billion (excluding Green Savings Bonds)2025-26 N...
Premium Bonds aren’t like normal savings accounts as they don’t pay interest. Instead the interest that should be paid (currently 1.40%) is used to fund a monthly prize draw. Here are the cancelled changes to variable rate savings products: Sponsored How life insurance can benefit your ...
Post Office Savings Bank Act 1861 The Post Office Savings Bank Act sets out the Government’s plans to provide savings accounts to British people through the Post Office. 1861 NS&I Milestones National Savings Founded William Gladstone, Chancellor of the Exchequer, launches the Post Office Savings Ba...
NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to 25 million customers. All products offer 100% capital security because NS&I is backed by HM Treasury. NS&I’s dedicated online service for advice firms is available through the NS&I Advise...
The Premium Bonds operator, which is formally a government department and an executive agency of the chancellor of the Exchequer, is offering up to £195,000-a-year plus a performace-related bonus to the successful candidate. According to NS&I’s annual report and accounts for 2021-22, Ac...
Harrumph! Merrily we roll along So why do I plan to rollover these certificates again – and for the full five years? Because even just getting your money back with that inflation-tracking uplift beats cash in the bank. Returns on savings are currently far lower. ...
from the January 2025 draw, with the odds remaining at 22,000 to 1, NS&I announced today in response to changes in the savings market.Additionally, from Friday 20 December 2024, the interest rate for Direct Saver will change to 3.50% gross/AER, and Income Bonds to 3.44% gross/3.49% AER...
Anna Bowes, co-founder of SavingsChampion.co.uk, said: “NS&I has seen enormous amounts of cash being withdrawn since the provider cut the rates on its savings accounts last year. So much so that in the first six months of the financial year, NS&I has only raised £600m of an annual...