NS&I packages experience 'rate rise'

www.moneynews.co.uk > Banking > NS&I packages experience 'rate rise'

NS&I packages experience 'rate rise'

Wed 23rd May 2007

Consumers taking out a range of National Savings and Investments (NS&I) products are set to benefit from an increase of up to 0.25 per cent interest.

The increases on NS&I's fixed-rate and variable-rate savings products reflect the recent quarter point hike in the Bank of England base rate.

NS&I's easy access savings account and income bond rate rise come into effect from today.

The group's premium bond prize rate fund will increase from 3.60 per cent to 3.80 per cent, with the changes set to come into action from June 1st.

NS&I's savings account interest rates, which were increased on April 25th, remain unchanged.

New issues on a number of other issues have also consequently been made available, including the NS&I children's bonus bonds and the fixed interest saving certificates.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'