National Savings & Investments (NS&I) is withdrawing several fixed rate bonds from sale and cutting rates on others. The government-backed agency is pulling its 1-year and 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds with immediate effect. It has also cut the rate on existing Guaranteed Growth Bonds, Guaranteed Income Bonds and Fixed Interest Savings Certificates by 0.25 per cent.
Savers who have a bond maturing on or before 5 October will get the old, higher rate if they roll over into a product with the same term.
NS&I said the changes were down to rates for similar competitor products falling […]
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