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For those who top up their household income with interest payments from their bank or building society savings, the mood music is better than it has been for a while.
NS&I's Direct Saver and Income Bonds now pay 1.8% up from 1.2%, spelling better rates for savers. In December 2021, these paid just 0.15%.
Rewards are now at the highest level for more than eight years
The increases are across a number of NS&I's popular accounts including the Direct Saver, Income Bonds, Direct Isa and Junior Isa.
The savings bank has increased the interest rates on its products to their highest levels in years.