National Savings

2005-09-062005-09-012005-08-19TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk5773410131013
NATIONAL SAVINGS AND INVESTMENTS
INDEX-LINKED NATIONAL SAVINGS
MOVEMENT OF THE UNITED KINGDOM GENERAL INDEX OF RETAIL PRICES

For the purposes of revaluing on repayment Index-linked National Savings Certificates (Retirement Issue, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th and 9th Index-linked Issues) and contributions under Save as You Earn savings contracts (Third Issue), the Index figure issued by the Office for National Statistics in the month of August 2005 and applicable to the month of September 2005 is 192.2. This figure is based on the revised reference base of 100 adopted in January 1987. In accordance with the relevant prospectuses a notional Index figure of 758.2 has been calculated and will apply to Index-linked Savings Certificates purchased in March 1987 or earlier and SAYE contributions which were due for payment and made in February 1987 or earlier.

NATIONAL SAVINGS AND INVESTMENTS EASY ACCESS SAVINGS ACCOUNTS, NOTICE OF NEW INTEREST RATES

On and from 1 September 2005 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 1.75% pa
£1,000-£4,999.99 3.25% pa
£5,000-£9,999.99 3.55% pa
£10,000-£24,999.99 3.80% pa
£25,000-£49.999.99 4.05% pa
£50,000 and above 4.30% pa
The interest is credited gross and is taxable.

NATIONAL SAVINGS AND INVESTMENTS INDIVIDUAL SAVINGS ACCOUNTS, NOTICE OF NEW INTEREST RATES

On and from 1 September 2005 the variable tax-free rate of interest payable on Individual Savings Accounts (cash mini and TESSA-only accounts) will be 4.20% pa.

NATIONAL SAVINGS AND INVESTMENTS ORDINARY ACCOUNTS, NOTICE OF NEW INTEREST RATES

On and from 1 September 2005 the variable gross rates of interest payable on Ordinary Accounts will be as follows:

Standard rate 0.85% pa
Higher rate 0.95% pa
The Higher rate of interest is paid for each complete calendar month that £500 or more is in the account.

NATIONAL SAVINGS AND INVESTMENTS INVESTMENT ACCOUNTS, NOTICE OF NEW INTEREST RATES

On and from 1 September 2005 the variable gross rates of interest payable on Investment Accounts will be as follows:

Balance in Account Rate of interest
Up to £499.99 2.95% pa
£500-£4,999.99 3.00% pa
£5,000-£9,999.99 3.10% pa
£10,000-£24,999.99 3.30% pa
£25,000-£49.999.99 3.50% pa
£50,000 and above 3.85% pa
The interest is credited gross and is taxable.

NATIONAL SAVINGS AND INVESTMENTS TREASURER’S ACCOUNTS, NOTICE OF NEW INTEREST RATES

On and from 1 September 2005 the variable gross rates of interest payable on Treasurer’s Accounts will be as follows:

£10,000-£24,999.99 3.35% pa
£25,000-£99,999.99 3.55% pa
£100,000 and above 3.90% pa

NATIONAL SAVINGS AND INVESTMENTS, NEW GENERAL EXTENSION RATE

On and from 1 September 2005 the variable rate of interest for National Savings Certificates (including Yearly Plan Certificates) earning the General Extension rate will be 2.04% pa tax-free.

NATIONAL SAVINGS AND INVESTMENTS INCOME BONDS, NOTICE OF NEW INTEREST RATES

On and from 6 September 2005 the variable “Treasury Rate” of interest payable on Income Bonds will be 3.95% 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. The interest is paid gross and is taxable.

PREMIUM SAVINGS BONDS, NOTICE OF NEW INTEREST RATE AND CHANGE TO SHARES ALLOCATED TO VALUE BANDS

On and from 1 September 2005 the rate of interest specified for determining the amount of the prize fund will be 3.00% pa. In respect of each prize draw there will be one prize for every 24,000 bond units eligible for inclusion in the draw. The monthly prize fund will be shared between the higher, medium and lower bands as follows: 7%, 6% and 87% respectively (subject to any adjustments required by the terms and conditions). Issued by National Savings and Investments on behalf of the Treasury