National Savings and Investments has increased the payout on most of its fixed rate products by 0.20%.
This is the first time the executive agency has increased these rates since November 2004. Benchmark gilt yields have been rising on the open market, hence the change, NS&I says. The new rates are as follows: New tax free ratesNew rate p.a. (AER)Equivalent grossed up rate for basic rate taxpayersEquivalent grossed up rate for higher rate taxpayersChildren's bonus bond 18th issue, guaranteed compound rate over 5 years, including fifth anniversary bonus4.10% (+0.10%)n/an/a Fixed rates (gross rates)New rate p.a.AER1-year Pensioners Guaranteed Income Bonds4.20%(+0.20%)4.28%2-year Pen...
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