National Savings rates are being reduced following the Bank of England base rate reduction on February 8. The changes are to income bonds, cash, mini and Tessa Isas, Treasurer's account and ordinary account products.
Cash mini Isa and Tessa only Isa rates are cut by 0.5 per cent to 6 per cent. The rate for income bonds for investments under £25,000 is cut by 0.25 per cent to 5.45 per cent, and down by 0.25 per cent to 5.7 per cent for investments over £25,000.
Ordinary account and treasurer's account rates are cut by 0.25 per cent across the board.