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 ...