NS&I increased interest rates on Direct Saver and Income Bonds, but expert advises finding better rates at smaller banks and platforms.
National Savings & Investments (NS&I) increased interest rates on its Direct Saver and Income Bonds, raising them from 3.65% to 4% and 3.59% to 3.93% respectively. However, personal finance expert Sarah Coles advises savers to find better rates at smaller online banks and cash savings platforms, with the best rates currently above 5.22%. NS&I's one-year British Savings Bonds offer 4.50% gross/AER.
May 30, 2024
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