Tag: National Savings & Investments

NS&I forced to withdraw index-linked bond

NS&I forced to withdraw index-linked bond

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been hit after Government-backed National Savings & Investments (NS&I) has announced its index-linked bond has been withdrawn from the market.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 [...]

September 7, 2011 | 0 Comments More
Brits saving amid economic and unemployment uncertainty

Brits saving amid economic and unemployment uncertainty

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 [...]

October 11, 2010 | 0 Comments More
Savers hit as NS&I withdraw some products

Savers hit as NS&I withdraw some products

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which runs Premium Bonds and a variety of savings products, has today announced its Savings Certificates have been withdrawn from the market. These saving products, which are linked to the inflation rate, have been withdrawn because sales “far exceeded” the level anticipated, said NS&I. In the meantime, NS&I said [...]

July 19, 2010 | 0 Comments More
NS&I to encourage savers with new account

NS&I to encourage savers with new account

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 [...]

January 26, 2010 | 0 Comments More
NS&I hopes to attract more savers as it raises rates

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

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 [...]

October 26, 2009 | 0 Comments More
NS&I see savers flee as confidence returns

NS&I see savers flee as confidence returns

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 [...]

July 22, 2009 | 0 Comments More
Savings hit record high despite shrinking economy

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 [...]

June 29, 2009 | 0 Comments More
NS&I cuts rates by up to 1.35%

NS&I cuts rates by up to 1.35%

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 [...]

February 23, 2009 | 0 Comments More
NS&I closes cash ISA

NS&I closes cash ISA

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 [...]

February 4, 2009 | 0 Comments More