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Media centre /
Press releaseNS&I RATE CHANGES19 August 2009
NS&I (National Savings and Investments) is increasing the interest rates on its Fixed Interest Savings Certificates, Children’s Bonus Bonds and Direct ISA by up to 1.20%. The revised interest rates will come into effect from 19 August 2009. NS&I has made this decision as it continues to follow a pricing strategy designed to balance the interests of its savers, the taxpayer and the stability of the financial services market. The interest rates on NS&I’s other savings products will remain unchanged. NS&I has also changed its general enquiries number. Customers will now need to call the freephone number 0500 007 007* to contact NS&I directly. The former chargeable enquiries number, 0845 964 5000, will continue to operate but customers may incur a charge from their provider. NS&I’s sales line will continue to operate through 0500 500 000.
Notes to editors * Calls from mobiles may not be free. All calls may be recorded recorded. Calls will be taken by one of NS&I’s award-winning UK customer service team, available every day from 7am till midnight. 1. Gross means the taxable rate of interest without the deduction of UK Income Tax 2. AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same ENDS
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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