NS&I increases interest rate on its income bonds

NS&I (National Savings and Investments) is increasing the interest rates on its Income Bonds by 1%. The revised interest rates will come into effect from 20 May 2009 for Income Bond customers.

NS&I constantly reviews savings products offered by other providers and has made this decision to take into account the rates available on other types of products which might be considered by Income Bond customers. NS&I continues to follow a pricing strategy designed to balance the interests of its savers, the taxpayer and the stability of the financial services market.

The interest rates on NS&I's other savings products, including NS&I's Guaranteed Income Bonds, will remain unchanged.

For more information, visit nsandi.com