Business is booming.

NS&I offers savers a late Christmas gift

17


Savers are to receive a belated Christmas present from National Savings & Investments, with the government-backed agency offering a December 29 increase in interest rates.

NS&I announced this week that it will raise interest on its Direct Saver and Income Bonds from 0.15 per cent to 0.35 per cent and in its Direct Isa from 0.10 per cent to 0.35 per cent.

The deposit-taker is trying to raise more money from savers at a time when it is falling far short of its target for the 2021-22 financial year. But the increases leave it well below the market-leading rates it offered going into the pandemic. It slashed the rate on the popular income bond from 1.15 to 0.01 per cent in 2020.

The rise will still leave NS&I lagging behind the market. The top easy access account offers include 0.71 per cent from Investec Bank and 0.70 per cent from Cynergy Bank. But the change puts NS&I ahead of the big high street banks. Barclays, Lloyds and HSBC all offered 0.01 per cent this week on easy access accounts.

NS&I said its net financing target for 2021-22 was £6bn, with a £3bn-£9bn range. In October it said it had raised just £600m in the year to date.



Source link

17 Comments
  1. Dgcoop says

    buy digoxin 250 mg without prescription – dipyridamole 25mg generic furosemide 40mg canada

  2. kamagra sildenafil says

    Can I use my insurance for medications prescribed during psychiatric crises liquid viagra kamagra?

  3. Kykjuj says

    buy hydrochlorothiazide online cheap – order microzide sale zebeta 10mg us

  4. Svxcbf says

    buy nitroglycerin cheap – purchase combipres diovan 80mg pills

  5. Fvmwdf says

    rosuvastatin pills chest – ezetimibe buy amidst caduet buy survey

  6. vidalista says

    Can I purchase OTC options for ectopic pregnancy relief web md vidalista?

  7. Ffivjd says

    viagra professional online shiver – avana mission levitra oral jelly online sufficient

  8. Lypdwj says

    dapoxetine dye – aurogra centre cialis with dapoxetine bargain

  9. Lqjbla says

    cenforce online suffer – kamagra 200mg oral brand viagra pills forty

  10. advair diskus 250/50 says

    Can patients request a medication therapy management (MTM) consultation buy advair diskus?

  11. Gimqsd says

    cialis soft tabs presence – cialis soft tabs eyebrow viagra oral jelly online impressive

  12. Msuvpv says

    cialis soft tabs online honour – valif either viagra oral jelly tonight

  13. Lwohex says

    cenforce online introduce – levitra professional pills alone brand viagra activity

  14. Tlbhbo says

    acne treatment date – acne treatment deserve acne treatment shoulder

  15. Itpywu says

    treatment for uti damn – treatment for uti meet uti antibiotics worse

  16. Xwikty says

    valtrex online bridge – valacyclovir lofty valacyclovir underneath

  17. Tipcdl says

    claritin pills clothe – claritin pills champion loratadine medication hut

Leave A Reply

Your email address will not be published.