News Tag: NS&I
February 25, 2010
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 ...
Brits start saving at age 25
by David Masters
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
January 7, 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 ...
Savers confident for 2010
by David Masters
December 7, 2009
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 ...
Brits keep saving during downturn
by David Masters
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
July 14, 2009
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 ...
NS&I reissues two-year fixed-rate bond
by David Masters
July 1, 2009
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, ...
NS&I launches FTSE-linked bond
by David Masters
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
June 4, 2009
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 ...
Carefree Brits spend more in the summertime
by David Masters
April 30, 2009
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 ...
NS&I launches inflation busting savings accounts
by David Masters
April 2, 2009
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 ...
Premium bond prize fund hits new low
by David Masters
April 1, 2009
Brits saved more money in the winter of 2008 than during the rest of the year, research from NS&I has revealed, showing that the credit crunch has encouraged people to save.
During the winter up to February 2009, people saved an average of £201.55 per month, compared to a monthly average of £193.34 for the whole of 2008.
The National Savings and ...
Brits saving more since onset of recession
by David Masters
March 17, 2009
National Savings & Investments (NS&I) is launching a new website to help Brits give their finances a health check.
According to the government-backed savings provider, 40% of people in the UK have no long-term financial plan, whilst nearly a fifth (17%) don't bother to look for advice on managing their money because they find it too confusion.
The Five Questions website is designed ...
NS&I launches financial health check website
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
