NS&I ups rates on three products after BoE rise

National Savings & Investments (NS&I) revealed it will increase rates on its Direct Saver and Income Bonds by 20 basis points from 0.15% to 0.35%, as well as a 25-point bump on its Direct ISA rate, taking it from 0.1% to 0.35%. This in addition to boosting its Income Bonds rate from 0.01% to 0.15% last month. The rate rises follow the Bank of England's decision last week to raise rates to 0.25%, surprising markets in the process. The central bank said the economic conditions it had been waiting for to raise rates had been met, noting that "the labour market is tight and has continued to ...