NS&I has today increased the interest rate on its Income Bonds by 14 basis points, from 0.01% gross/AER to 0.15% gross/AER.
This change aligns the interest rate for Income Bonds with the interest rate for NS&I’s Direct Saver account.
The decision to increase the interest rate on Income Bonds is in line with NS&I’s operating framework to balance the interests of savers, taxpayers and the broader financial services sector.
| Product | Previous interest rate | Interest rate from 18 November 2021 (change in brackets)
|
| Income Bonds | 0.01% gross/AER
|
0.15% gross/AER (+14 basis points)
|
