NS&I announces new rates

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 rates New rate p.a. (AER) Equivalent grossed up rate for basic rate taxpayers Equivalent grossed up rate for higher rate taxpayers Children's bonus bond 18th issue, guaranteed compound rate over 5 years, including fifth anniversary bonus 4.10% (+0.10%) n/a n/a Fixed rates (gross rates) New rate p.a. AER 1-year Pensioners Guaranteed Income Bonds 4.20%(+...