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National Savings increases rates

National Savings is increasing the rates on its tax-free fixed rate products following a rise in gilt yields.

On a five year fixed rate savings bond, the annual rate is now at 4.7 per cent on investments of more than £50,000, up from 4.45 per cent. For a £20,000 five year bond the rate is up to 4.5 per cent from 0.25 per cent.

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