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 ...