NS&I increases interest rates

Tuesday, January 3, 2006

National Savings and Investments (NS&I) has announced that it is increasing the interest rates on its fixed-rate products.

Following an upward trend in market rates for government bonds (gilts), the company has decided to raise the interest rates on its own investment and savings opportunities by 0.3 per cent.

As of December 30th last year, NS&I has offered an increased interest rate on the following products: Inflation-Beating Savings, Fixed Rate Savings Certificates, Fixed-Rate Savings Bonds, Children's Bonus Bonds, Pensioners Guaranteed Income Bonds and Capital Bonds.

This is great news for people looking for an investment opportunity such as a savings bond, or a simple inflation-beating savings technique.

"We always aim to provide consistent and fair rates and, as gilt yields have increased recently, we are now in a position to increase the interest rates offered on all our fixed rate products," said John Prout, NS&I's sales director.

"Whenever there are improvements in the market, we always aim to pass these benefits on to our customers."

The latest boost means that anyone who deposits money for inflation-beating savings currently gets an interest rate return of 1.05 per cent above the current rate of inflation.

Interested in investing your money? Click here:
http://www.europinions-finance.co.uk/investments/investments/
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