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NS&I Doubles ISA rates

Jonbvn
Jonbvn Posts: 5,562 Forumite
Part of the Furniture 1,000 Posts
in ISAs & tax-free savings
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6050519/National-Savings-and-Investments-doubles-Isas-rates.html

Good news from NS&I. Hopefully it will spark rate rises from other providers in competition for our cash.

BTW although their rates have increased they are certainly not the best available!
In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:

Comments

  • Primrose
    Primrose Posts: 10,707 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    They're still pretty meagre I think. I believe Kent Reliance are still offering a one year ISA rate of 3.2% and there are probably other institutions offering even higher.
  • nilrem_2
    nilrem_2 Posts: 2,188 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Jonbvn wrote: »
    Good news from NS&I. Hopefully it will spark rate rises from other providers in competition for our cash.

    Moved my NS&I direct ISA to Northern Rock 12 month fixed 2 weeks ago so now getting 3.0% still 0.50% better than NS&I, at the time they were paying a poxy 1.3%!
  • GiraffeMan
    GiraffeMan Posts: 131 Forumite
    nilrem wrote: »
    Moved my NS&I direct ISA to Northern Rock 12 month fixed 2 weeks ago so now getting 3.0% still 0.50% better than NS&I, at the time they were paying a poxy 1.3%!

    NS&I like most UK banks are backed the government what have they to lose?
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