'Development zone' for NS&I offering
Plans to launch online access
UK inflation rate is currently 2.3%
‘Promising lead’ or ‘Back to the lab’?
Maximum £3,000 investment
Free meeting after jackpot win
Takes over from Jane Platt
New NS&I bond and cold-calling consultation announced
Leaves govt-backed outfit after a decade
Interest rates on government bonds for the over-65s have been cut by half for those who want to renew them.
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.
Average monthly savings have increased by 50% over the past ten years, research suggests - so is Britain finally moving towards a more savings-based society?
The limit on Premium Bond investments will increase by £10,000 from Monday 1 June to a maximum of £50,000, NS&I has announced.
Fraudsters masquerading as state-owned National Savings & Investments (NS&I) are cold calling retirees to offer the chance to invest in the government's market-leading ‘pensioner bonds'.
The government's new bonds for the over 65s have seen the biggest opening sales of any retail financial product in Britain's modern history, after more than 110,000 customers invested in the products, National Savings & Investments (NS&I) has said.
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National Savings & Investments (NS&I) has been accused of underpreparing for the launch of its pensioner bonds after its website temporarily crashed shortly after they went on sale.
Interest rates for the new 'pensioner bonds' announced at Budget 2014 have been set at a market-beating 2.8% for the one-year product and 4% for the three-year bond.