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NS&I increases interest rates on savings certificates

National Savings and Investments is increasing interest rates on its fixed rate products due to an upward movement in market rates for Government bonds.
The new issue of three-year Index-linked Saving Certificates offers an interest rate of 1.05 per cent plus RPI, an increase of 0.1 per cent. This is equivalent to 5.75 per cent for higher rate taxpayers or 4.31 per cent for basic taxpayers.
NS&I sales director John Prout says: “We always aim to provide consistent and fair rates and, as gilt yields have increased recently, we are now in a position to increase the interest rates offered on all our fixed rate products.”

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