NS&I knocked off the savings top spot for the first time since May! Skipton Building Society launches best buy easy-access account Savings rates have begun to improve slightly after falling to record lows this year Treasury-backed NS&I has been untroubled by contenders for months Skipton has increased its easy-access rate as stoking hopes of more competition … Read more
Another record month for Premium Bond buys meaning £8bn has poured in within five months – how long will it be until NS&I’s best buy rates are cut? Some £1.81bn worth of Premium Bonds were bought in July This is a record for the fifth successive month since the lockdown began Treasury-backed NS&I in July … Read more
NS&I offers a ray of hope for savers as Government gives it the go ahead to raise a record £40bn this year By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:04 BST, 21 July 2020 Savers can expect top rates for a while still, after National Savings and … Read more
We want your cash! The Government turns to Britain’s army of savers with NS&I now looking to rake in £35bn this year as it ups target by 500% in wake of coronavirus Treasury-backed bank raises financing target from £6bn to £35bn It comes as NS&I now has a number of best buy savings deals Rates … Read more
Rock-bottom borrowing costs mean it is increasingly expensive for the Government to raise cash from savers, according to National Savings & Investments, raising concerns its market-leading savings rates could be cut. It cost the Treasury-backed bank almost £887million more to raise money from savers between April 2019 and March 2020 than if the Treasury borrowed … Read more
Savers forced to turn to National Savings and Investments after ‘devastating’ month of rate cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Savers are flocking to government-backed National Savings and Investments (NS&I) after suffering a ‘devastating’ month of rate cuts. In just three … Read more
JEFF PRESTRIDGE: Time for savers to shop around… National Savings & Investments has let us down By Jeff Prestridge for The Mail on Sunday Published: 21:52 BST, 7 September 2019 | Updated: 14:01 BST, 8 September 2019 National Savings & Investments is one of the country’s most trusted financial brands, but it doesn’t mean the … Read more
Savers opt for an old favourite: NS&I now offering many of the best deals as banks and building societies continue to slash rates By Sylvia Morris For The Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Savers who are not online can now look to old favourite NS&I … Read more
While National Savings & Investment’s announced it was reversing planned cuts to some of its variable rate savings accounts, including Premium Bonds, it still pressed ahead with cuts to 10 fixed-rate deals. Those cuts came into force yesterday and will affect existing holders of its guaranteed growth and income bonds and fixed-interest savings certificates. Not … Read more
The nation’s savers are being offered top rates in an effort to line the Government’s coronavirus war chest. Despite interest rates plunging to record lows, National Savings and Investments (NS&I) has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 million. The Treasury-backed bank says the U-turn is … Read more