NS&I offers a ray of hope for savers as Government gives it the go ahead to raise a record £40bn this year By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:04 BST, 21 July 2020 Savers can expect top rates for a while still, after National Savings and … Read more
We want your cash! The Government turns to Britain’s army of savers with NS&I now looking to rake in £35bn this year as it ups target by 500% in wake of coronavirus Treasury-backed bank raises financing target from £6bn to £35bn It comes as NS&I now has a number of best buy savings deals Rates … Read more
Rock-bottom borrowing costs mean it is increasingly expensive for the Government to raise cash from savers, according to National Savings & Investments, raising concerns its market-leading savings rates could be cut. It cost the Treasury-backed bank almost £887million more to raise money from savers between April 2019 and March 2020 than if the Treasury borrowed … Read more
Savers forced to turn to National Savings and Investments after ‘devastating’ month of rate cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Savers are flocking to government-backed National Savings and Investments (NS&I) after suffering a ‘devastating’ month of rate cuts. In just three … Read more
JEFF PRESTRIDGE: Time for savers to shop around… National Savings & Investments has let us down By Jeff Prestridge for The Mail on Sunday Published: 21:52 BST, 7 September 2019 | Updated: 14:01 BST, 8 September 2019 National Savings & Investments is one of the country’s most trusted financial brands, but it doesn’t mean the … Read more
Savers opt for an old favourite: NS&I now offering many of the best deals as banks and building societies continue to slash rates By Sylvia Morris For The Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Savers who are not online can now look to old favourite NS&I … Read more
Stick or twist: NS&I fixed-rate savings cuts bite – should you stay… or cash out and move your money elsewhere? NS&I cut 10 fixed-rate accounts available to existing savers on 1 May It changed course on Premium Bond cuts but has stuck with these They affect savers renewing after 1 June or changing to a … Read more
The nation’s savers are being offered top rates in an effort to line the Government’s coronavirus war chest. Despite interest rates plunging to record lows, National Savings and Investments (NS&I) has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 million. The Treasury-backed bank says the U-turn is … Read more
NS&I axes planned brutal rate cuts for 21m Premium Bond holders and other easy-access savings accounts – but fixed-rates will still plummet More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number … Read more
How did Agent Million deliver the jackpot news to April’s Premium Bond winners during coronavirus? NS&I confirms ‘secret plan’ Every month, two Premium Bond holders win £1m They are given the good news in person by an Agent Million We asked NS&I whether it was still visiting people in person to let them know It … Read more