NS&I Doubles ISA rates

Jonbvn

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!

Primrose

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

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

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?