National Savings
NS&I
INTEREST RATES
| Variable gross rates* |
Current Rate pa |
Current AER** |
New Rate pa |
New AER |
||
| Income Bonds | £25,000+ | 4.00% | 4.07% | 2.70% | 2.73% | |
| New rates from 19 November 2008 | Under £25,000 | 3.75% | 3.82% | 2.45% | 2.48% | |
| Investment Account | £50,000+ | 3.40% | 3.40% | 1.90% | 1.90% | |
| New rates from 19 November 2008 | £25,000+ | 3.05% | 3.05% | 1.55% | 1.55% | |
| £10,000+ | 3.05% | 2.85% | 1.35% | 1.35% | ||
| £5,000+ | 2.65% | 2.65% | 1.15% | 1.15% | ||
| £500+ | 2.55% | 2.55% | 1.05% | 1.05% | ||
| Under £500 | 2.50% | 2.50% | 1.00% | 1.00% | ||
| Easy Access | £50,000+ | 3.70% | 3.70% | £50,000+ | 2.20% | 2.20% |
| Savings Account | £25,000+ | 3.45% | 3.45% | £25,000+ | 1.95% | 1.95% |
| New rates from 19 November 2008 | £10,000+ | 3.20% | 3.20% | £10,000+ | 1.70% | 1.70% |
| £5,000+ | 2.95% | 2.95% | £100-£9,999 | 1.45% | 1.45% | |
| £1,000+ | 2.65% | 2.65% | ||||
| £100-£999 | 1.15% | 1.15% |
| Variable tax-free rates** |
Current Rate pa |
Current AER** |
New Rate pa |
New AER** |
| Direct ISA New rate from 7 November 2008 | 4.80% | 4.80% | 3.30% | 3.30% |
| Cash ISA New rate from 19 November 2008 | 3.90% | 3.90% | 2.40% | 2.40% |
| T Cash ISA† (Formerly TESSA-only ISA) New rate from 19 November 2008 | 3.90% | 3.90% | 2.40% | 2.40% |
|
Current prize fund rate pa |
New prize fund rate pa |
|||
| Premium Bonds | ||||
| from 1 December 2008 | 2.85% | 1.80% | ||
| Annual variable rate used to calculate prize fund for monthly draws. The prize fund will be allocated 4% to higher value prizes, 1% to medium value prizes and 95% to lower value prizes (currently 5%, 5% and 90% respectively). The odds of each £1 Bond number winning a prize in the monthly draw will be 36,000-1 (currently 24,000-1). |
* 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.
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