NS&I to reduce interest rates

The changes, which will apply to NS&I's premium bonds, direct ISA, direct saver account and income bonds, come into effect on 1 May 2017. From that point, premium bonds will have an interest rate of 1.15%, the direct ISA and income bonds 0.75% and direct saver account 0.70%. The organisation also announced it would shortly be launching investment guaranteed growth bonds - three year savings bonds announced in last year's Autumn Statement, with a higher interest rate. The bonds will be available at nsandi.com for 12 months from spring 2017 with an indicative interest rate of 2.20% g...