National Savings
NATIONAL SAVINGS INVESTMENT ACCOUNTS—NEW INTEREST RATES
On and from 26th November 1999, the variable gross rates of interest payable on Investment Accounts will be as follows:
Balance in Account | Rate of Interest |
up to £499.99 | 3.8% pa |
£500 to £2,499.99 | 3.95% pa |
£2,500 to £4,999.99 | 4.05% pa |
£5,000 to £9,999.99 | 4.15% pa |
£10,000 to £24,999.99 | 4.35% pa |
£25,000 to £49,999.99 | 4.6% pa |
£50,000 and above | 5.1% pa |
NATIONAL SAVINGS TREASURER’S ACCOUNTS—NEW INTEREST RATES
On and from 26th November 1999, the variable gross rates of interest payable on Treasurer’s Accounts will be as follows:
£10,000 to £24,999.99 | 4.35% pa |
£25,000 to £99,999.99 | 4.6% pa |
£100,000 and above | 5.1% pa |
NATIONAL SAVINGS ORDINARY ACCOUNTS—NEW INTEREST RATES
On and from 1st December 1999, the variable rates of interest payable on Ordinary Accounts will be as follows:
Standard rate | 1.25% pa |
Higher rate | 1.35% pa |
NEW GENERAL EXTENSION RATE
On and from 1st December 1999, the variable rate of interest for National Savings Certificates (including Yearly Plan Certificates) earning the General Extension Rate will be 2.58% pa tax-free.
NATIONAL SAVINGS INCOME BONDS—NEW INTEREST RATE
On and from 24th December 1999, the variable “Treasury Rate” of interest payable on Income Bonds will be 5.45% 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.
NATIONAL SAVINGS DEPOSIT BONDS—NEW INTEREST RATE
On and from 24th December 1999, the rate of interest payable on Deposit Bonds will be 4.55% pa gross.
PREMIUM SAVINGS BONDS—NOTICE OF NEW INTEREST RATE AND CHANGE TO SCALE OF PRIZES
On and from 1st March 2000, the rate of interest specified for determining the amount of the prize fund will be 3.75% pa. In respect of each prize draw there will be one prize for every 21,000 bond units eligible for inclusion in the draw. Issued by National Savings, on behalf of the Treasury