NS&I announces lower interest rates on British Savings Bonds following BoE base rate cut.

NS&I, the UK’s Treasury-backed savings provider, has announced lower interest rates for its British Savings Bonds, reflecting changes in the savings market after a recent 0.25% cut in the Bank of England's base rate. The new rates for two-year, three-year, and five-year bonds are now 4.25%, 4.00%, and 3.90% respectively. NS&I aims to balance the interests of savers and taxpayers while maintaining stability in the financial sector.

September 11, 2024
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