National Savings and Investments

INTEREST RATES

Lower variable rates from 12 September 2013

This is to give advance notice of reductions to some of NS&I’s variable interest rates from 12 September 2013.

	Current rate pa	Current rate AER 1	New lower rate pa from 12 September 2013	New lower rate AER from 12 September2013
Direct ISA £1+	2.25% tax-free2	2.25%	1.75% tax-free	1.75%
Direct Saver £1+	1.50% gross3	1.50%	1.10% gross	1.10%
Income Bonds £500+	1.75% gross	1.76%	1.25% gross	1.26%

You can find all our interest rates on our website nsandi.com along with full information on our savings and investments. You can also sign up for email updates to keep up to date with our rate changes and other news from NS&I.

Or you can call us free on 0500 007 007 . We’re available every day from 7am till midnight. Calls from mobiles and some landline providers may not be free. Calls may be recorded.

1. AER (Annual Equivalent Rate) is a notional rate that 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.

2. Tax-free means that the interest is exempt from UK Income Tax and Capital Gains Tax.

3. Gross is the taxable rate of interest without the deduction of UK Income Tax.

National Savings and Investments is a Trade Mark of the Director of Savings

National Savings and Investments is backed by HM Treasury