National Savings and Investments
Interest Rates
Fixed gross rates*
New Issues from 2 April 2008
| Rate pa | AER** | |
| 1-Year Guaranteed Growth Bond – Issue 42 | 3.50% | 3.50% |
| Taxable, paid net | ||
| 3-Year Guaranteed Growth Bond – Issue 36 | 3.55% | 3.55% |
| Taxable, paid net | ||
| 5-Year Guaranteed Growth Bond – Issue 33 | 3.65% | 3.65% |
| Taxable, paid net | ||
| 1-Year Guaranteed Income Bond – Issue 42 | 3.40% | 3.45% |
| Taxable, paid net | ||
| 3-Year Guaranteed Income Bond – Issue 36 | 3.45% | 3.51% |
| Taxable, paid net | ||
| 5-Year Guaranteed Income Bond – Issue 33 | 3.55% | 3.61% |
| Taxable, paid net |
Fixed tax-free rates***
New Issues from 2 April 2008
| Rate pa | AER** | |
| Children's Bonus Bonds – Issue 28 | 3.40% | 3.40% |
Guaranteed compound rate over 5 years
(including 5th anniversary bonus)
| Equivalent | Equivalent | ||||||
| grossed up | grossed up | ||||||
| rate for | rate for | ||||||
| basic rate | higher rate | ||||||
| Rate pa/AER** | taxpayers† | taxpayers† | |||||
| 2-Year Fixed Interest | |||||||
| Savings Certificates | 2.60% | 3.25% | 4.33% | ||||
| 41st Issue Guaranteed | |||||||
| compound rate over 2 years | |||||||
| 5-Year Fixed Interest | |||||||
| Savings Certificates | 2.70% | 3.38% | 4.50% | ||||
| 90th Issue Guaranteed | |||||||
| compound rate over 5 years | |||||||
| 3-Year Index-linked | Index- | Index- | Index- | ||||
| Savings Certificates | linking plus | linking plus | linking plus | 16th Issue Guaranteed | 0.25% | 0.31% | 0.42% |
| compound rate over 3 years | |||||||
| 5-Year Index-linked | Index- | Index- | Index- | ||||
| Savings Certificates | Linking plus | linking plus | linking plus | 43rd Issue Guaranteed | 0.35% | 0.44% | 0.58% |
| compound rate over 5 years | |||||||
| Variable tax-free rates*** | Current | Current | New | New | |||
| Rate pa | AER** | Rate pa | AER** | ||||
| Direct ISA New rate | |||||||
| from 6 April 2008 | 5.80% | 5.80% | 5.55% | 5.55% | |||
| Guaranteed to be 0.30% above |
the base rate until 5 April 2009
General Extension Rate††
| New rate from 1 May 2008 | 2.67% | 2.67% | 2.43% | 2.43% |
| * | Gross is the taxable rate of interest payable without the deduction of UK Income Tax. | |||
| ** | AER (Annual Equivalent Rate) enables you to compare interest rates from different financial institutions on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same. | |||
| *** | Tax-free means that the return is exempt from UK Income Tax and Capital Gains Tax at all rates of taxation. | |||
| † | At current rates of tax. | |||
| †† | Paid on 7th to 43rd Issue Fixed Interest Savings Certificates that matured before 8 October 2001 and Yearly Plan. |
National Savings and Investments is a Trade Mark of the Director of Savings.
If you would like further information on our savings and investments please call 0845 964 5000 (maximum call charges from a BT landline are 4p per minute. Charges from other service providers may vary. Lines open 7 a.m. to midnight. For your security and to maintain the highest levels of service, calls may be recorded). Or visit our website at nsandi.com
National Savings and Investments is backed by HM Treasury