NS&I

INTEREST RATES

Variable gross rates*	Current Rate pa	Current AER**	New Rate pa	New AER
Income Bonds	£25,000+	4.95%	5.06%	4.70%	4.80%
New rates from 6 May 2008	£500-£24,999	4.70%	4.80%	4.45%	4.54%
Investment	£50,000+	4.35%	4.35%	4.10%	4.10%
Account	£25,000+	4.00%	4.00%	3.75%	3.75%
New rates from	£10,000+	3.80%	3.80%	3.55%	3.55%
23 April 2008	£5,000+	3.60%	3.60%	3.35%	3.35%
£500+	3.50%	3.50%	3.25%	3.25%
Under £500	3.45%	3.45%	3.20%	3.20%
Ordinary
Account†	£500+	1.70%	1.70%	1.45%	1.45%
New rates from 1 May 2008	Under £500	1.60%	1.60%	1.35%	1.35%
Easy Access	£50,000+	4.65%	4.65%	4.40%	4.40%
Savings	£25,000+	4.40%	4.40%	4.15%	4.15%
Account	£10,000+	4.15%	4.15%	3.90%	3.90%
New rates from	£5,000+	3.90%	3.90%	3.65%	3.65%
23 April 2008	£1,000+	3.60%	3.60%	3.35%	3.35%
£100-£999	2.10%	2.10%	1.85%	1.85%
Treasurer’s	£100,000+	4.65%	4.65%	4.40%	4.40%
Account†	£25,000+	4.30%	4.30%	4.05%	4.05%
New rates from	£10,000+	4.10%	4.10%	3.85%	3.85%
23 April 2008

Variable tax-free rates***	Current Rate pa	Current AER**	New Rate pa	New AER**
Direct ISA New rate from 10 April 2008	5.55%	5.55%	5.30%	5.30%
Cash ISA New rate from 23 April 2008	4.85%	4.85%	4.60%	4.60%
T Cash ISA† (Formerly TESSA-only ISA) New rate from 23 April 2008	4.85%	4.85%	4.60%	4.60%
General Extension Rate†† New rate from 1 May 2008	2.43%	2.43%	2.19%	2.19%
Current prize fund rate pa	New prize fund rate pa
Premium Bonds
from 1 May 2008	3.60%	3.40%
Annual variable rate used to calculate prize fund for monthly draws. The odds of each £1 Bond number winning a prize in the monthly draw will be 22,000-1 (currently 21,000-1).

* 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.

† No longer on sale.

†† 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

National Savings and Investments is backed by HM Treasury