'Bitter blow for savers' as NS&I cuts ISA rate
National Savings & Investment (NS&I) is to cut the interest rate on its easy-access Direct ISA to 1.25%, a move experts said was a "bitter blow to savers" and further called into question the value of cash products.
NS&I said it would make the 0.25% reduction in mid-November and that the change reflects rates on comparable products. "Interest rates in the easy access ISA market have been in decline over the year...
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