National Savings
National Savings
NS&I
INTEREST RATES
Fixed gross rates*
|
New Issues from 21 January 2009 |
Rate pa |
AER ** |
|
1-Year Guaranteed Growth Bond - Issue 46 Taxable paid net |
2.35% |
2.35% |
|
3-Year Guaranteed Growth Bond - Issue 40 Taxable paid net |
2.80% |
2.80% |
|
5-Year Guaranteed Growth Bond - Issue 37 Taxable paid net |
3.15% |
3.15% |
|
1-Year Guaranteed Income Bond - Issue 46 Taxable paid net |
2.25% |
2.27% |
|
3-Year Guaranteed Income Bond - Issue 40 Taxable paid net |
2.70% |
2.73% |
|
5-Year Guaranteed Income Bond - Issue 37 Taxable paid net |
3.05% |
3.09% |
|
Fixed tax-free rates ‡ New Issues from 21 January 2009 |
Rate pa |
AER** |
|
|
Children’s Bonus Bonds - Issue 32 Guaranteed compound rate over 5 years (including 5th anniversary bonus) |
2.85% |
2.85% |
|
|
Rate pa/AER** |
Equivalent grossed up rate for basic rate taxpayers’ |
Equivalent grossed up rate for higher rate taxpayers’ |
|
|
2-Year Fixed Interest Savings Certificates - 45th Issue Guaranteed compound rate over 2 years |
1.90% |
2.38% |
3.17% |
|
5-Year Fixed Interest Savings Certificates - 94th Issue Guaranteed compound rate over 5 years |
2.35% |
2.94% |
3.92% |
|
Variable gross rates* |
Current Rate pa |
Current AER** |
New Rate pa |
New AER ** |
|
|
Income Bonds |
£25,000+ |
2.70% |
2.73% |
2.20% |
2.22% |
|
New rates from 21 January 2009 |
under £25,000 |
2.45% |
2.48% |
1.95% |
1.97% |
|
Investment Account |
£50,000+ |
1.90% |
1.90% |
0.90% |
0.90% |
|
New rates from 21 January 2009 |
£25,000+ |
1.55% |
1.55% |
0.55% |
0.55% |
|
£10,000+♦ |
1.35% |
1.35% |
0.35% |
0.35% |
|
|
£5,000+♦ |
1.15% |
1.15% |
0.35% |
0.35% |
|
|
£500+♦ |
1.05% |
1.05% |
0.35% |
0.35% |
|
|
£1 to £500♦ |
1.00% |
1.00% |
0.35% |
0.35% |
|
|
Easy Access Savings Account |
£50,000+ |
2.20% |
2.20% |
1.20% |
1.20% |
|
New rates from 21 January 2009 |
£25,000+ |
1.95% |
1.95% |
0.95% |
0.95% |
|
£10,000+ |
1.70% |
1.70% |
0.70% |
0.70% |
|
|
£100+ |
1.45% |
1.45% |
0.45% |
0.45% |
|
|
Residual Account*** New rate from 21 January 2009 |
0.25% |
0.25% |
0.15% |
0.15% |
|
Variable tax-free rates‡ |
Current Rate pa |
Current AER** |
New Rate pa |
New AER** |
|
Direct ISA New rate from 21 January 2009 |
3.30% |
3.30% |
2.30% |
2.30% |
|
Cash ISA New rate from 21 January 2009 |
2.40% |
2.40% |
1.40% |
1.40% |
|
T Cash ISA New rate from 21 January 2009 |
2.40% |
2.40% |
1.40% |
1.40% |
|
General Extension Rate †† New rate from 1 February 2009 |
0.51% |
0.51% |
0.15% |
0.15% |
* 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.
♦ These interest rate tiers have now been combined into one tier.
*** Where an NS&I product has been closed and we have been unsuccessful in our efforts to return the monies invested to our customer, such remaining holdings are transferred to the Residual Account. These can be interest bearing or non interest bearing.
‡ 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.