National Savings
National Savings
National Savings and Investments
National Savings and Investments - New General Extension Rate
Effective 1 August 2007, the variable rate of interest for National Savings Certificates (including Yearly Plan Certificates) earning the General Extension Rate will be 3.15% pa tax-free.
National Savings and Investments Individual Savings Accounts - Notice of New Interest Rate
On and from 25 July 2007 the variable tax-free rate of interest payable on Individual Savings Accounts (cash mini and TESSA-only) will be 5.35% pa.
National Savings and Investments Treasurer’s Accounts - Notice of New Interest Rates
On and from 25 July 2007 the variable gross rates of interest payable on Treasurer’s Accounts will be as follows:
|
£10,000 to £24,999.99 |
4.60% pa |
|
£25,000 to £99,999.99 |
4.80% pa |
|
£100,000 and above |
5.15% pa |
National Savings and Investments Investment Accounts - Notice of New Interest Rates
On and from 25 July 2007 the variable gross rates of interest payable on Investment Accounts will be as follows:
|
Balance in Account |
Rate of interest |
|
up to £499.99 |
3.95% pa |
|
£500 to £4,999.99 |
4.00% pa |
|
£5,000 to £9,999.99 |
4.10% pa |
|
£10,000 to £24,999.99 |
4.30% pa |
|
£25,000 to £49,999.99 |
4.50% pa |
|
£50,000 and above |
4.85% pa |
National Savings and Investments Easy Access Savings Accounts – Notice of New Interest Rates
On and from 25 July 2007 the variable gross rates of interest payable on Easy Access Savings Accounts will be as follows:
|
Balance in Account |
Rate of interest |
|
£100 - £999.99 |
2.60% pa |
|
£1,000 - £4,999.99 |
4.10% pa |
|
£5,000 - £9,999.99 |
4.40% pa |
|
£10,000 - £24,999.99 |
4.65% pa |
|
£25,000 - £49,999.99 |
4.90% pa |
|
£50,000 and above |
5.15% pa |
The interest is credited gross and is taxable.
National Savings Ordinary Accounts - Notice of New Interest Rates
On and from 1 August 2007 the variable rates of interest payable on Ordinary Accounts will be as follows:
|
up to £499.99 |
2.10% pa |
|
£500 and above |
2.20% pa |
The higher rate of interest is paid for each complete calendar month that £500 or more is in the account.
National Savings Income Bonds - Notice of New Interest Rate
On and from 06 August 2007 the variable “Treasury Rate” of interest payable on Income Bonds will be 5.20% pa gross. The bonus rate for bonds held under the same register number with a total capital value of at least £25,000 will be 0.25% pa gross.
Premium Savings Bonds - Notice of New Interest Rate and Change to Scale of Prizes
On and from 1 August 2007 the rate of interest specified for determining the amount of the prize fund will be 4.00% pa. In respect of each prize draw there will be one prize for every 21,000 bond units eligible for inclusion in the draw. The monthly prize fund will be shared between the higher, medium and lower value bands as follows: 10%, 10% and 80% respectively (subject to any adjustments required by the terms and conditions).
Issued by National Savings and Investments on behalf of the Treasury.