National Savings and Investments

Interest Rates

Variable gross rates*	Current	Current	New	New
Rate pa	AER**	Rate pa	AER
Income Bonds	£25,000+	4.50%	4.59%	4.00%	4.07%
New rates from 6 November 2008	Under £25,000	4.25%	4.33%	3.75%	3.82%
Investment Account	£50,000+	3.90%	3.90%	3.40%	3.40%
New rates from 22 October 2008	£25,000+	3.55%	3.55%	3.05%	3.05%
£10,000+	3.35%	3.35%	2.85%	2.85%
£5,000+	3.15%	3.15%	2.65%	2.65%
£500+	3.05%	3.05%	2.55%	2.55%
Under £500	3.00%	3.00%	2.50%	2.50%
Easy Access
Savings Account	£50,000+	4.20%	4.20%	3.70%	3.70%
New rates from 22 October 2008	£25,000+	3.95%	3.95%	3.45%	3.45%
£10,000+	3.70%	3.70%	3.20%	3.20%
£5,000+	3.45%	3.45%	2.95%	2.95%
£1,000+	3.15%	3.15%	2.65%	2.65%
£100-£999	1.65%	1.65%	1.15%	1.15%
Variable tax-free rates***	Current	Current	New	New
Rate pa	AER**	Rate pa	AER**
Cash ISA
New rate from 22 October 2008	4.40%	4.40%	3.90%	3.90%

T Cash ISA† (Formerly Tessa-only ISA)

New rate from 22 October 2008	4.40%	4.40%	3.90%	3.90%
Current prize	New prize
fund rate pa	fund rate pa
Premium Bonds
from 1 November 2008	3.40%	2.85%

Annual variable rate used to calculate the prize fund for monthly draws. The prize fund will be allocated 5% to higher value prizes, 5% to medium value prizes and 90% to lower value prizes (currently 6%, 5% and 89% respectively).The odds of each £1 Bond number winning a prize in the monthly draw will be 24,000-1 (currently 22,000-1).

*	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.
†	No longer on sale.

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