NS&I cancel some of their planned interest rate cuts

Alexland

Next theory: the guy nobody likes, who drops interest rates, just left NS&I to take on an exciting new role at Nationwide...

ratechaser

Fingers crossed they leave the JISA rate intact at 3.25% then...

thor

george4064 said:

From their main site;

To support savers at this difficult time, we are not going ahead with the variable interest rate reductions that we previously announced. So our Premium Bonds, Direct Saver, Income Bonds and Investment Account will stay at their current rates. If you have any of these accounts, you don't need to do anything.

I think this must be the first time since 2008 that any institution has actually acknowledged that dropping rates could cause savers hardship. Normally borrowers are always protected during harsh times with savers being thrown under the bus.

Tildaplum

https://www.dailymail.co.uk/money/saving/article-8242627/Your-country-needs-stash-cash-NS-I.html