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NS&I Launches New British Savings Bonds with Better Interest Rates
UNITED KINGDOM, JUL 24 – NS&I increased 1-year bond rates to 4.18% AER for Growth Bonds and 4.11% for Income Bonds to support savers and meet its annual financing target.
NS&I has launched new one-year British Savings Bonds with increased interest rates of 4.18% AER, available from Thursday.
The new bonds offer full protection on deposits up to £1 million, simplifying the savings process.
Westhead, NS&I retail director, stated that this provides savers a new opportunity to save.
Guaranteed Growth Bonds and Guaranteed Income Bonds are also offered for fixed terms of 1, 2, 3, or 5 years.