NS&I announced reductions to the interest rates on a whole number of its savings products last month, with these being due to come into effect in November 2020. It comes following months of the government-backed savings provider featuring high on the best buy tables for various savings products, including easy access savings options.
"In April we cancelled interest rate reductions announced in February and scheduled for May 1.
"Given successive reductions in the Bank of England base rate in March, and subsequent reductions in interest rates by other providers, several of our products have become ‘best buy’ and […]
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