National Savings
NS&I RATE CHANGE FOR FIXED INTEREST SAVINGS CERTIFICATES, GUARANTEED GROWTH BONDS AND GUARANTEED INCOME BONDS
RATE CHANGE FOR FIXED INTEREST SAVINGS CERTIFICATES, GUARANTEED GROWTH BONDS AND GUARANTEED INCOME BONDS
NS&I has effective 1st August 2022, increased the interest rates on maturing issues of Fixed Interest Savings Certificates (FISC), Guaranteed Growth Bonds (GGB) and Guaranteed Income Bonds (GIB).
Please note that these products are not currently on general sale and the rates below are only available to customers who currently hold a maturing issue of these respective products.
Rate change
| NS&I account | Previous rate | New rate |
| FISC 2 year (issue 58) | 0.10% tax-free/AER | 2.15% tax-free/AER |
| FISC 5 year (issue 108) | 0.50% tax-free/AER | 2.45% tax-free/AER |
| GGB 1 year (issue 68) | 0.10% gross/AER | 1.85% gross/AER |
| GGB 2 year (issue 60) | 0.15% gross/AER | 2.25% gross/AER |
| GGB 3 year (issue 62) | 0.40% gross/AER | 2.55% gross/AER |
| GGB 5 year (issue 56) | 0.55% gross/AER | 2.55% gross/AER |
| GIB 1 year (issue 68) | 0.06% gross/AER | 1.80% gross/1.81% AER |
| GIB 2 year (issue 60) | 0.11% gross/AER | 2.20% gross/ 2.20% AER |
| GIB 3 year (issue 62) | 0.36% gross/AER | 2.50% gross/2.53% AER |
| GIB 5 year (issue 56) | 0.51% gross/AER | 2.50% gross/2.53% 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.