NS&I raked in £7.7BILLION of saver cash in September fuelled by its best ever one-year fix of 6.2%

NS&I raked in £7.7BILLION of saver cash in September fuelled by its best ever one-year fix of 6.2%

Savers rushed to pour £7.7billion into National Savings and Investments accounts in September, according to the Bank of England’s Money and Credit report.

This is the biggest influx of cash for the Treasury-backed bank in one month since August 2020, when savers funnelled in £9.8billion.

At the start of September, NS&I launched two best buy one-year fixed-rate bonds – Guaranteed Growth Bonds and Guaranteed Income Bonds – which paid a rate of 6.2 per cent.Experts say the rate on these accounts were ‘undoubtedly’ the main reason behind the sharp rise in cash moving into NS&I. Savings rush: Savers rushed to pour […]

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