National Savings

National Savings and Investments

INTEREST RATES

Variable gross rates*	Current Rate pa	Current AER**	New Rate pa	New AER**
Income Bonds	£25,000+	1.45%	1.46%	1.00%	1.00%
New rates from 18 March 2009	£500-£24,999	1.20%	1.21%	0.70%	0.70%
Investment Account	£50,000 + ◊	0.50%	0.50%	0.30%	0.30%
New rates	£25,000+◊	0.40%	0.40%	0.30%	0.30%
from 18	£10,000+♦	0.40%	0.40%	0.20%	0.20%
March 2009	£5,000+♦	0.30%	0.30%	0.20%	0.20%
£500+♦	0.30%	0.30%	0.20%	0.20%
£1 to £500♦	0.30%	0.30%	0.20%	0.20%

Variable tax-free rates‡	Current Rate pa	Current AER**	New Rate pa	New AER**
Direct ISA	1.80%	1.80%	1.30%	1.30%
New rate from 18 March 2009
Cash ISA	0.90%	0.90%	0.50%	0.50%
New rate from 18 March 2009
T Cash ISA	0.90%	0.90%	0.50%	0.50%
New rate from 18 March 2009

*   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.

◊  These interest rate tiers have now been combined into one tier.

‡   Tax-free means that the return is exempt from UK Income Tax and Capital Gains Tax at all rates of taxation.

To find out more about our savings and investments, call us on 0845 964 5000. Lines are open every day from 7am until midnight. Maximum call charge 4p per minute from a BT landline. Charges from other providers may vary. For your security, and to make sure we’re giving you the highest standard of service, calls may be recorded.

Or visit our website at nsandi.com

National Savings and Investments is backed by HM Treasury