|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    24th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Banking News feed Banking News

All Financial News feed All Financial News




News Tag: NS&I

November 5, 2012

NS&I reduces Isa interest rate to 2.25%

by Jan Harris
NS&I reduces Isa interest rate to 2.25%
National Savings & Investments (NS&I) has reduced the interest rate on its tax-free cash Isa from 2.5% to 2.25, affecting 320,000 savers. The cut follows a review of the market which identified a trend for rates to be cut on similar products. The cut by NS&I, which is the first it has made since 2009, takes effect immediately. In a ...




May 22, 2012

NS&I re-launches investment account

by Jan Harris
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post Office branches as the account has been made ...




January 25, 2012

National Savings reduces rate to safeguard competition

by Jan Harris
National Savings reduces rate to safeguard competition
National Savings & Investment is cutting the interest rate on its Direct Saver account from 1.75% to 1.5% with effect from today, because the account is too popular. Government-backed NS&I has already substantially exceeded its target to raise £2bn from savers in the 2011/12 financial year and now needs to slow the rate of deposits into its accounts in order ...




December 1, 2011

NS&I warns savers over changes to accounts

by Jan Harris
NS&I warns savers over changes to accounts
National Savings & Investments (NS&I) will write to holders of its Investment Account this month, warning them about major changes. From 21 May 2012 savers will no long be able to deposit or withdraw money from Investment Accounts at post offices with a passbook. The account is becoming postal-only and savers will receive postal statements, which will supersede the passbook. The ...




November 3, 2011

NS&I to cease selling via Post Office

by Kay Mitchell
”NS&I
From November 28, National Savings and Investments (NS&I) will cease selling its accounts via the Post Office. It has been announced that the Government-backed NS&I will no longer sell investment or easy access savings accounts over the counter at the Post Office. NS&I runs Premium Bonds and a variety of savings products. However, from the end of the month, its savings accounts will ...




September 7, 2011

NS&I forced to withdraw index-linked bond

by Kay Mitchell
”NS&I
Savers have once again been hit after Government-backed National Savings & Investments (NS&I) has announced its index-linked bond has been withdrawn from the market. NS&I, which runs Premium Bonds and a variety of savings products, said its index-linked bond (which gives savers protection against inflation) has been pulled. NS&I’s website and call centres ceased accepting new sales of Savings Certificates yesterday. However, postal ...




October 11, 2010

Brits saving amid economic and unemployment uncertainty

by Kay Mitchell
”Brits
A study by National Savings & Investments (NS&I) has revealed that Britons are topping up their savings on a regular basis, amid fears about rising unemployment and uncertainty surrounding the economy. Government-backed NS&I, which runs Premium Bonds and a variety of savings products, said over half of Britons are regularly setting money aside. Britons are now saving an average £87 each month ...




July 19, 2010

Savers hit as NS&I withdraw some products

by Kay Mitchell
”Savers
Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, has today announced its Savings Certificates have been withdrawn from the market. These saving products, which are linked to the inflation rate, have been withdrawn because sales "far exceeded" the level anticipated, said NS&I. In the meantime, NS&I said it is trimming the interest rates paid ...




February 25, 2010

Brits start saving at age 25

by David Masters
Brits start saving at age 25
Most Brits don't get serious about putting money aside into a savings account until they reach age 25, according to a study by National Savings and Investments (NS&I). Research by the savings provider found more than a fifth (22%) of UK consumers don't start setting aside money until after their 30th birthday, while a further 13% fail to start saving until they ...




January 26, 2010

NS&I to encourage savers with new account

by Kay Mitchell
”NS&I
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 ...




January 7, 2010

Savers confident for 2010

by David Masters
Savers confident for 2010
UK consumers expect to have more spare cash to set aside for savings in the year ahead, new research has discovered. A study by National Savings and Investments (NS&I) found over a quarter (27%) of Brits are more likely to save money in 2010 than they were in 2009. Male savers are the most confident of being able to put money into savings, with nearly ...




December 7, 2009

Brits keep saving during downturn

by David Masters
Brits keep saving during downturn
Brits are continuing to put money aside into savings accounts despite the recession, according to new research. People are saving around 6% of their take-home income, a similar level to 2005, the survey by National Savings and Investments (NS&I) found. Financial uncertainty and low interest rates have failed to change people's savings habits, NS&I said. The proportion of people saving regularly has increased slightly since ...




October 26, 2009

NS&I hopes to attract more savers as it raises rates

by Kay Mitchell
”NS&I
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 ...




July 22, 2009

NS&I see savers flee as confidence returns

by Kay Mitchell
”NS&I
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 ...




July 14, 2009

NS&I reissues two-year fixed-rate bond

by David Masters
NS&I reissues two-year fixed-rate bond
National Savings & Investments (NS&I) has launched new issues of its two year fixed-rate bonds. The Guaranteed Growth Bond pays interest at the end of the two-year term at a rate of 3.75% per annum. The Guaranteed Income Bond pays interest monthly at a rate of 3.65% per annum. Both bonds offer a 100% capital guarantee, backed by HM Treasury. Customers can open the bonds online ...




July 1, 2009

NS&I launches FTSE-linked bond

by David Masters
NS&I launches FTSE-linked bond
National Savings and Investments (NS&I) yesterday launched the 18th issue of its Guaranteed Equity Bond (GEB). The five-year bond pays returns linked to the performance of the FTSE 100 index. Over the term of the bond investors can earn a maximum of 40% on their original investment, with no risk to their capital. Returns are calculated by comparing the start level of the FTSE 100 index, ...




June 29, 2009

Savings hit record high despite shrinking economy

by David Masters
Savings hit record high despite shrinking economy
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 ...




June 4, 2009

Carefree Brits spend more in the summertime

by David Masters
”Carefree
Brits are splashing their spare cash on having a good time rather than stashing it away in a bank account, a study by National Savings & Investments (NS&I) has discovered. Money saved on cheaper heating and electric bills during the summer months will be spent on socialising and leisure activities, NS&I found. Two in five (42%) of those polled said they spend ...




April 30, 2009

NS&I launches inflation busting savings accounts

by David Masters
NS&I launches inflation busting savings accounts
National Savings and Investments (NS&I) has launched two new inflation-busting savings accounts. The government-back savings provider said its Index-linked Savings Certificates offer savers the chance to invest up to £15,000 tax free per issue. Interest on the two accounts will be tied to the retail price index (RPI) rate of inflation. Certificates can be held for a three of five year term with a ...




April 2, 2009

Premium bond prize fund hits new low

by David Masters
Premium bond prize fund hits new low
A consumer rights website has slammed the returns offered by NS&I premium bonds, with interest rate cuts 'swallowing up' the likelihood of a decent return on savings. Research by MoneySavingExpert.com found that the chance of beating inflation with savings in premium bonds has dropped from 75% to 1% following changes to the prize draw. Changes include dropping one of the two £1 ...