National Savings
NS&I RATE CHANGE FOR PREMIUM BONDS, DIRECT SAVER, INCOME BONDS, DIRECT ISA, JUNIOR ISA AND INVESTMENT ACCOUNT
RATE CHANGE FOR PREMIUM BONDS, DIRECT SAVER, INCOME BONDS, DIRECT ISA, JUNIOR ISA AND INVESTMENT ACCOUNT
NS&I has today, 8th August 2023 announced increases to the interest rate on Direct Saver, Income Bonds, Direct ISA, Junior ISA and Investment Account, effective 18th August 2023. NS&I have also, increased Premium Bonds effective from 1st September prize draw. The odds have improved from 22,000 to 1 to 21,000 to 1.
Rate change
| NS&I account | Previous rate | New rate |
| Premium Bonds | 4.00% Variable. Annual Prize Rate (tax-free) | 4.65% Variable. Annual Prize Rate (tax-free) |
| Direct Saver | 3.40% Gross/AER (taxable) | 3.65% Gross/AER (taxable) |
| Income Bonds | 3.40% gross/3.45% AER (taxable) | 3.59% gross/3.65% AER (taxable) |
| Investment Account | 0.85% Gross/AER (taxable) | 1.00% Gross/AER (taxable) |
| DISA | 2.40% tax-free/AER (tax-free) | 3.00% Gross/AER (tax-free) |
| JISA | 3.65% tax-free/AER, (tax-free) | 4.00% tax-free/AER (tax-free) |
Find out more at nsandi.com
Definitions
AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
National Savings and Investments is backed by HM Treasury.