NS&I increases interest rates on savings accounts – but they’re ‘nothing to shout about’ | Personal Finance | Finance
NS&I raised interest rates across a range of savings accounts last week in a “quiet” under the radar move last week.
Interest on the savings institution’s Direct Saver and income bonds have increased from 3.65 percent to four percent.
NS&I also launched its one-year British Savings Bonds at 4.5 percent.
While easy access rates have been dropping rapidly, people can still make more than five percent in a small handful of accounts. Meanwhile, people can earn up to 5.22 percent on accounts…
