How do NS&I returns compare to the market leaders?

A safe place to keep money means various things for different people. Some prefer banks, whilst others may prefer stashing it under the bed (although that’s not so safe!), but one of the most secure places for your savings comes in the form of National Savings and Investments (NS&I). In its 156-year history, the NS&I has kept the nation’s money safe and sound, whilst funding its public-sector net cash requirement. HM Treasury offers a 100% guarantee on any money held using NS&I products, beating the £85,000 limit covered by the Financial Services ...

Savings: NS&I to reduce interest rates

No quick return for NS&I Index Linked Certificates 150pxNational Savings & Investments (NS&I) has announced cuts to the interest rates on some of their most popular savings accounts. Interest rates on NS&I’s Income Bonds, Direct Saver and Direct ISA (Individual Savings Account) will all be cut from 12th September 2013. Announcing the interest rate cut, NS&I said that the reductions reflected market trends on comparable products. Furthermore, according to NS&I, the changes will “continue to balance the interests of its savers, taxpayers and ...

Savings: National Savings & Investments introduce penalties on some savings accounts

Savings: National Savings & Investments introduce penalties on some savings accountsMany of the UK’s 26 million National Savings & Investments (NS&I) savers, will now have to contend with interest penalties, if they want access their savings early, after changes announced last week. NS&I is the UK’s most popular savings provider, partly because money held in their accounts is 100% guaranteed, without limit, by HM Treasury. However, recently announced changes, will see customers having to pay interest penalties should they want to withdraw ...