News Tag: National Savings & Investments
January 26, 2010
Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, is to launch a new savings account in March with an “attractive” interest rate.
The news will be welcomed by savers who have been suffering amid the historically low interest rate environment.
The financial crisis led to many British savers withdrawing their funds from banks and ...
NS&I to encourage savers with new account
by Kay Murchie
October 26, 2009
Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, has unveiled a rise in the interest rates on some of its policies.
The news will be welcomed by savers who have been suffering amid the historically low interest rate environment.
NS&I said rates on its guaranteed growth bonds and guaranteed income ...
NS&I hopes to attract more savers as it raises rates
by Kay Murchie
July 22, 2009
Government-backed National Savings & Investments (NS&I) said it has been hit by a return in confidence in banks.
The financial crisis led to many British savers withdrawing their funds from banks and choosing safer havens, such as the NS&I.
In the final quarter of 2008, which covered the height of the banking crisis, NS&I reported a 65% rise in new deposits, with ...
NS&I see savers flee as confidence returns
by Kay Murchie
June 29, 2009
The amount of money Brits are putting aside for a rainy day has reached a record high, according to research by National Savings & Investments (NS&I).
The average UK consumer deposited £92.41 per month into their savings account this spring, the highest amount since NS&I records began in 2004.
Regular savers, meanwhile, put aside an average of £209.23 per month, a figure ...
Savings hit record high despite shrinking economy
by David Masters
February 23, 2009
National Savings and Investments (NS&I) has cut interest rates on its variable-rate savings accounts by up to 0.75%.
Its Direct ISA now pays 1.8%, whilst its easy access savings account pays just 0.3% on balances up to £10,000.
The move follows last month's cuts of up to 1% on NS&I’s variable accounts.
Interest on NS&I’s fixed-rate accounts, meanwhile, has been reduced by up ...
NS&I cuts rates by up to 1.35%
by David Masters
February 4, 2009
National Savings & Investments (NS&I) is closing its cash ISA to new customers, and making its direct ISA more accessible.
From 6 April customers will no longer be able to open a new NS&I cash ISA, and current customers will no longer be able to deposit into their cash ISA at post office branches or by bank giro.
Meanwhile, on 1 February the minimum opening ...
NS&I closes cash ISA
by David Masters
