National Savings
National Savings
National Savings and Investments
INTEREST RATES
NEW FIXED RATE BONDS
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On 23 February 2008 we are relaunching our Fixed Rate Savings Bonds as two distinct investments with new names – the NS&I Guaranteed Income Bonds and the NS&I Guaranteed Growth Bonds . |
New Rate pa |
New AER** |
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Guaranteed Growth Bonds |
5-year term |
4.05% |
4.05% |
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Issue 1 – Effective from 23 February 2008 |
3-year term |
4.00% |
4.00% |
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Taxable, paid net |
1-year term |
3.95% |
3.95% |
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Guaranteed Income Bonds |
5-year term |
3.95% |
4.02% |
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Issue 1 – Effective from 23 February 2008 |
3-year term |
3.90% |
3.97% |
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Taxable, paid net |
1-year term |
3.85% |
3.92% |
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Variable gross rates* |
Current Rate pa |
Current AER** |
New Rate pa |
New AER |
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Income Bonds |
£25,000+ |
5.20% |
5.33% |
4.95% |
5.06% |
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New rates from 6 March 2008 |
under £25,000 |
4.95% |
5.06% |
4.70% |
4.80% |
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Investment Account |
£50,000+ |
4.60% |
4.60% |
4.35% |
4.35% |
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New rates from 22 February 2008 |
£25,000+ |
4.25% |
4.25% |
4.00% |
4.00% |
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£10,000+ |
4.05% |
4.05% |
3.80% |
3.80% |
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£5,000+ |
3.85% |
3.85% |
3.60% |
3.60% |
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£500+ |
3.75% |
3.75% |
3.50% |
3.50% |
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Under £500 |
3.70% |
3.70% |
3.45% |
3.45% |
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Ordinary Account |
£500+ |
1.95% |
1.95% |
1.70% |
1.70% |
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New rates from 1 March 2008 |
Under £500 |
1.85% |
1.85% |
1.60% |
1.60% |
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Easy Access Savings Account |
£50,000+ |
4.90% |
4.90% |
4.65% |
4.65% |
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New rates from 22 February 2008 |
£25,000+ |
4.65% |
4.65% |
4.40% |
4.40% |
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£10,000+ |
4.40% |
4.40% |
4.15% |
4.15% |
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£5,000+ |
4.15% |
4.15% |
3.90% |
3.90% |
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£1,000+ |
3.85% |
3.85% |
3.60% |
3.60% |
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Under £1,000 |
2.35% |
2.35% |
2.10% |
2.10% |
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Treasurer’s Account |
£100,000+ |
4.90% |
4.90% |
4.65% |
4.65% |
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New rates from 22 February 2008 |
£25,000+ |
4.55% |
4.55% |
4.30% |
4.30% |
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£10,000+ |
4.35% |
4.35% |
4.10% |
4.10% |
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Variable tax-free rates*** |
Current Rate pa |
Current AER** |
New Rate pa |
New AER** |
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Direct ISA New rate from 7 February 2008 |
6.05% |
6.05% |
5.80% |
5.80% |
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Cash mini ISA New rate from 22 February 2008 |
5.10% |
5.10% |
4.85% |
4.85% |
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TESSA-only ISA New rate from 22 February 2008 |
5.10% |
5.10% |
4.85% |
4.85% |
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General Extension Rate†† New rate from 1 March 2008 |
2.91% |
2.91% |
2.67% |
2.67% |
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Current prize fund rate pa |
New prize fund rate pa |
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Premium Bonds |
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from 1 March 2008 |
3.80% |
3.60% |
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Annual variable rate used to calculate prize fund for monthly draws. The prize fund will be allocated 6% to higher value prizes, 5% to medium value prizes and 89% to lower value prizes (currently 8%, 6%, and 86% respectively). |
* 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.
†† 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 7am to midnight. For your security and to maintain the highest levels of service, calls may be recorded). Or visit our website at nsandi.com