NS&I increases savings rates

NS&I (National Savings and Investments) is increasing the interest rates on its Fixed Interest Savings Certificates, Children's Bonus Bonds and Direct ISA by up to 1.20%. The revised interest rates will come into effect from 19 August 2009.

NS&I has made this decision as it 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 will remain unchanged.

NS&I has also changed its general enquiries number. Customers will now need to call the freephone number 0500 007 007 to contact NS&I directly. The former chargeable enquiries number, 0845 964 5000, will continue to operate but customers may incur a charge from their provider. NS&I's sales line will continue to operate through 0500 500 000.