Savers have hit out at the new British Savings Bonds on offer from NS&I with one person branding the relatively low rates on offer as an “insult”.

The savings provider shared the news of the product’s launch earlier this month on X, with rates at 4.15 percent, but critics were unimpressed by the new account.

This comes just days after analysts hit out at the product as being a “fancy bit of marketing” appearing to provide a boost for Britain. In comments exclusive to Express.co.uk, they…