National Savings and Investments (NS& I) has upped the interest rates on many of its variable and fixed rate savings offers.
This move follows the Bank of England’s increase in rates on May 10th, 2007 and increases in the gilt markets.
The new interest rates came into effect on May 23rd 2007, affecting NS&I’s Income Bonds and Easy Access Savings Account,.
NS&I’s Direct ISA increased its rates on May 10th while and Premium Bonds will have higher rates from June 1st.
The Premium Bond prize fund rate will rise from 3.60% to 3.80% p.a.
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