Its one-year guaranteed bonds, the only ones on sale to new customers, increased from 4 per cent to 5 per cent. The two and three-year bonds, which both pay 5.1 per cent, are only available to those with existing bonds who want to renew them when they mature.
National Savings and Investments is unique because all deposits are guaranteed by the Treasury. This is unlike deposits with commercial banks that are only guaranteed up to £85,000 per bank or building society under the Financial Services Compensation Scheme.
Good news here too. With more than £121 billion held in Premium Bonds, this is still Britain’s favourite way of saving.
The rate of the prize fund will increase from 3.7 per cent to 4 per cent, making this the best rate since 2007.
NS&I products are not for everyone but can form an important part of your investment planning. Our Financial Planners will be able to advise you more when they know your full financial situation. Meetings can be arranged at a time and location convenient to you. To arrange an initial meeting, which is at our cost, why not contact us today?
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