Savings: NS&I increase interest rates on guaranteed bonds, but are they a good deal?

No quick return for NS&I Index Linked Certificates 150pxNational Savings & Investments (NS&I) savings products have always been popular, especially as all the money saved with them is 100% guaranteed by the Government. The news that the interest rates payable on the NS&I Guaranteed Growth Bonds is about to increase will therefore be welcomed by savers. But how competitive are the new interest rates? Read on as we investigate. What are the new interest rates? From 20th October the interest rates on the NS&I Guaranteed Growth Bonds will be increased, across the board, by ...