National Savings
NS&I RATE CHANGE FOR GUARANTEED GROWTH BONDS AND GUARANTEED INCOME BONDS
RATE CHANGE FOR GUARANTEED GROWTH BONDS AND GUARANTEED INCOME BONDS
NS&I has today, 13th July 2023 announced increases to the interest rate on Guaranteed Growth Bonds and Guaranteed Income Bonds, effective from 13th July 2023.
Rate change
Changes to on-sale products
| Product | Previous interest rate | New interest rate (effective from today) |
| Guaranteed Growth Bonds (1-year) | 4.00% gross/AER | 5.00% gross/AER |
| Guaranteed Income Bonds (1-year) | 3.90% gross/3.97% AER | 5.00% gross/5.12% AER |
Changes to off-sale products
| Product | Previous interest rate | New interest rate (effective from today) |
| Guaranteed Growth Bonds (2-year) | 4.20% gross/AER | 5.10% gross/AER |
| Guaranteed Growth Bonds (3-year) | 4.20% gross/AER | 5.10% gross/AER |
| Guaranteed Income Bonds (2-year) | 4.10% gross/4.18% AER | 5.10% gross/5.22% AER |
| Guaranteed Income Bonds (3-year) | 4.10% gross/4.18% AER | 5.10% gross/5.22% AER |
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.