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NS&I drop interest rates from May
eskbanker
Posts: 38,022 Forumite
Already mentioned in the Premium Bond thread but all NS&I savings rates will be reduced from 1 May 2017, making the safe place for large balances less rewarding 
http://nsandi-corporate.com/nsi-reduces-interest-rates-2/
Income Bonds 0.75% from 1%
Direct Saver 0.7% from 0.8%
Direct ISA 0.75% from 1%
Premium Bonds 1.15% from 1.25%
http://nsandi-corporate.com/nsi-reduces-interest-rates-2/
Income Bonds 0.75% from 1%
Direct Saver 0.7% from 0.8%
Direct ISA 0.75% from 1%
Premium Bonds 1.15% from 1.25%
0
Comments
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With more to follow, no doubt:(:( Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
2017 Womble #35 £3463.27
Sept NSDs 4/15:staradminCCCChl 9/12 months:DSept PPChl#002 Pts 71 0 -
...b0gger...just opened and NSI income bond, AND topped up premium bonds to max them out....
...how low can they go!!!.."It's everybody's fault but mine...."0 -
Already mentioned in the Premium Bond thread but all NS&I savings rates will be reduced from 1 May 2017, making the safe place for large balances less rewarding
http://nsandi-corporate.com/nsi-reduces-interest-rates-2/
Income Bonds 0.75% from 1%
Direct Saver 0.7% from 0.8%
Direct ISA 0.75% from 1%
Premium Bonds 1.15% from 1.25%
Well they can't touch my Index linked savings certs for now
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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By then I will be long gone with the rewards from the index linked savings I left in last March,I was unsure but turning out to be a good call0
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Pretty obvious that all the other banks will soon follow, so looks like 0.75% is going to be about the best you can expect.
Wonder if the BofE are getting ready to drop interest rates to 0% come May/June especially if we get more monthly house price falls.0 -
Now I'm totally confused .... http://www.dailymail.co.uk/money/news/article-4200342/Rate-rise-needed-soon-stop-inflation-says-Forbes.htmlNo longer trainee
Retired in 2012 (54)
State pension due 2024 (66)0 -
Yes, it's a very confusing, disheartening time for cautious investors.traineepensioner wrote: »Now I'm totally confused .... http://www.dailymail.co.uk/money/news/article-4200342/Rate-rise-needed-soon-stop-inflation-says-Forbes.html0 -
You mean savers?disheartening time for cautious investors.
And you still want to get significantly above base rate on your savings?0 -
Carney will never increase the rate.
He is in the pockets of the institutions who are making billions
whilst rates are low at the expense of savers.
He has continuously got his predictions wrong yet still keeps his "job".0
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