National Savings
NS&I RATE CHANGE FOR DIRECT SAVER, INCOME BONDS, DIRECT ISA AND JUNIOR ISA
RATE CHANGE FOR DIRECT SAVER, INCOME BONDS, DIRECT ISA AND JUNIOR ISA
NS&I has today, 21st July 2022, increased the interest rates on the Direct Saver, Income Bonds, Direct ISA and Junior ISA effective today.
Rate change
| NS&I account | Previous rate | New rate |
| Direct Saver | 0.50% gross/AER | 1.20% gross/AER |
| Income Bonds | 0.50% gross/AER | 1.20% gross/1.21% AER |
| Direct ISA | 0.35% tax-free/AER | 0.90% tax-free/AER |
| Junior ISA | 1.50% tax-free/AER | 2.20% tax-free/AER |
Find out more at nsandi.com
Definitions
Gross is the taxable rate of interest without the deduction of UK Income Tax.
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.