National Savings & Investments interest rates go up

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National Savings & Investments interest rates go up

Thu 21st Apr 2005

National Savings & Investments (NS&I) interest rates on most of its fixed rate products are to be changed, the company announced today.

The last changes to the rates were made in November of last year, but now, following a upward move in the market rates for government bonds (gilt), the rates are to go up again.

Interest rates will rise 0.2 per cent on fixed rate savings bonds, children's bonus bonds, pensioners guaranteed income bonds and capital bonds.

"We always aim to provide consistent and fair rates and, as gilt yields have increased recently, we are now in a position to increase the interest rates offered on most of our fixed rate products", said John Prout, NS&I's sales director.

Mr Prout added: "Whenever there are improvements in the market, we always aim to pass these benefits onto our customers."

The new rates come into effect from today.

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