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The government-backed savings bank said that it will increase rates by 15 basis points to meet its net financing target for 2021/22. NS&I raises direct saver and income bonds rates Skip to main ...
The bond terms are typically 2, 3 or 5 years. The returns are linked to Retail Price Index (RPI) with a tiny added interest rate on top. The Bonds can now only be cashed in at maturity. Index-linked Savings Certificates are free from UK income tax making them relatively attractive to tax-payers, particularly higher rate tax-payers. They are ...
The top saving accounts from major high street banks have been revealed by money-saving expert Martin Lewis. Mr Lewis highlighted the country’s best savings accounts during his Martin Lewis ...
NS&I offers a wide range of savings and investment products, specialising in tax-free and income-generating products. As of December 2019 [needs update] the following are offered: [25] Premium Bonds; Direct ISA; Junior ISA; Income Bonds; Direct Saver Account; Investment Account; Some products are off-sale and only available for roll-over of ...
Martin Lewis has issued advice to those with savings accounts as interest rates held for the first time in two years. Speaking on Good Morning Britain on Friday (22 September), the ...
Like Series EE bonds, interest accrues monthly and is compounded to the principal semiannually. The highest the fixed rate has ever been is 3.60%, set on May 1, 2000, for bonds issued for the following six months. The highest inflation rate was 4.81%, set on May 1, 2022, for the six-month period that followed. [16]