NS&I raises interest rates (but not for Premium Bond savers)
Government-backed savings institution increases returns to the highest level in almost a decade
Source: telegraph.co.uk
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Government-backed savings institution increases returns to the highest level in almost a decade
Around 1.5million savers will get a much-needed boost after NS&I puts up its interest rates. National Savings and Investments (NS&I) yesterday doubled the rates on many of its most popular accounts.
Inflation is outstripping the prize rate at the fastest pace in 42 years
Interest rates rise to 1.4pc but still far below inflation
Premium Bond prizes have been frozen at 1% since December and NS&I's green three-year bond pays 1.3% less than savers can get elsewhere.